This year Jack intends to file a married-joint return. Jack received $173,600 of salary and paid…
This year Jack intends to file a married-joint return. Jack
received $173,600 of salary and paid $6,950 of interest on loans
used to pay qualified tuition costs for his dependent daughter,
Deb. This year Jack has also paid moving expenses of $5,550 and
$31,800 of alimony to his ex-wife, Diane, who divorced him in 2012.
(Round your intermediate calculations and final answer to the
nearest whole dollar amount.) What is Jack’s adjusted gross
income? Suppose that Jack also reported income of $12,650 from a
half share of profits from a partnership. Disregard any potential
self-employment taxes on this income. What AGI would Jack report
under these circumstances
received $173,600 of salary and paid $6,950 of interest on loans
used to pay qualified tuition costs for his dependent daughter,
Deb. This year Jack has also paid moving expenses of $5,550 and
$31,800 of alimony to his ex-wife, Diane, who divorced him in 2012.
(Round your intermediate calculations and final answer to the
nearest whole dollar amount.) What is Jack’s adjusted gross
income? Suppose that Jack also reported income of $12,650 from a
half share of profits from a partnership. Disregard any potential
self-employment taxes on this income. What AGI would Jack report
under these circumstances
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