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1 . Employment and Bonus: Jane earns a salary of $ 5 0 , 0 0 0 and receives a year - end bonus of
Employment and Bonus: Jane earns a salary of $ and receives a yearend bonus of $ Is the bonus part of Jane's Gross Income? Calculate Jane's Adjusted Gross Income.
Rental Income: Mike owns a rental property and receives $ in rental income annually. Is rental income considered part of Gross Income? Determine Mike's Adjusted Gross Income.
Educational Expenses: Lisa is a teacher and spent $ on classroom supplies during the year.Are these educational expenses "above the line" deductions? Calculate Lisa's Adjusted Gross Income.
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