AICPA CPA-Regulation Exam - Topic 2 Question 28 Discussion

Actual exam question for AICPA's CPA-Regulation exam

Question #: 28
Topic #: 2

[All CPA-Regulation Questions]

In the current year Jensen had the following items:

What is Jensen's AGI for the current year?

A$44,000

B$59,000

C$62,000

D$84,000

Show Suggested Answer

Suggested Answer: B

Choice 'b' is correct. The question asks for AGI, but all of the items in the list are items of potential gross income. There are no adjustments included in the list; therefore, in this case, AGI is the same as gross income. The calculation is as follows:

Choices 'a', 'c', and 'd' are incorrect, per the above calculation.

by Evangelina at May 04, 2022, 02:58 PM

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Dorsey

4 months ago

AGI should be $44,000 based on the info given!

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Fabiola

4 months ago

Wait, how did you all get those numbers? Seems off.

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Gilma

4 months ago

I'm pretty sure it's $59,000, looks right to me!

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Afton

4 months ago

I think it's $62,000 after adjustments.

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Glory

5 months ago

Jensen's total income was $84,000 before deductions.

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Golda

5 months ago

I'm a bit unsure about this one. I'll need to review the information on GitHub Enterprise security features.

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Allene

5 months ago

This question seems pretty straightforward, but I want to double-check my understanding. Let me re-read the information in the image and the answer choices one more time to make sure I'm not missing anything.

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Shantell

5 months ago

Hmm, I'm not sure about that. Wouldn't it be easier to just set up a connector in Microsoft Teams? That way we can control the notifications right from the Teams interface.

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