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21-12-2022
Business

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philip, a professor, earned a salary of $140,000 from a university in the current year. he received $35,000 in dividends and interest during the year. in addition, he incurred a loss of $25,000 from an investment in a passive activity. assuming philip's at-risk amount in the activity at the beginning of the current year was $15,000, what is his agi for the current year?

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