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Sammy, a calendar year cash basis taxpayer who is age 66, has the following transactions:
Salary from job $80,000
Rental revenue from primarily personal use property 10,000
Expenses from primarily personal use property 500
Based on this information, Sammy has:
A. AGI of $90,000
B. AGI of $89,500
C. None of these choices are correct.
D. AGI of $90,500
E. AGI of $80,000
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