Question
1-This year Jack intends to file a married-joint return with two dependents. Jack received $162,500 of salary and paid $5,000 of interest on loans used
1-This year Jack intends to file a married-joint return with two dependents. Jack received $162,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid qualified moving expenses of $4,300 and $24,000 of alimony. (Do not round intermediate calculations.)
What is Jack's adjusted gross income? Assume that Jack will opt to treat tax items in a manner to minimize his AGI.
2-In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) neither deductible for nor deductible from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.)
Trey is a self-employed special-duty nurse. He spent $120 for uniforms.
deductible for AGI :
deductible from AGI:
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