$150,000

For tax year 2020, a taxpayer has the following income items: - \$200,000 Wages (with no employer-sponsored pension) - Sale of primary residence for $250,000 (where the taxpayer lived for past 3 years) - \$40,000 alimony paid, which was ordered from a 2019 divorce decre - $25,000 Life Insurance proceeds - \$4,500 Traditional IRA contribution Is this the adjusted gross income for the taxpayer