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1) Using the IRS Form 1040, compute and report the amount of Adjusted Gross Income for Richard who graduated last year from Upstate and now
1) Using the IRS Form 1040, compute and report the amount of Adjusted Gross Income for Richard who graduated last year from Upstate and now works at Milliken. His salary for the year was $44,000. He earned interest of S150 from the City of Spartanburg water district bond; and invested in MSFT stock and received a dividend of $185. He set-up a Traditional IRA to which he contributed $1,500
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