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a) What is Diane's adjusted gross income? b)Suppose that Diane reported income of $11,800 from a half share of profits from a parthership. Disregard any
a) What is Diane's adjusted gross income?
Required information The following information applies to the questions displayed befow] This year Diane intends to file a married-joint return. Dlane received $181,500 of salary and paid $5,350 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $8,150 and $30,300 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. a. What is Diane's adjusted gross income b)Suppose that Diane reported income of $11,800 from a half share of profits from a parthership. Disregard any potential self-employment taxes on this income. What AGI would Diane report under these circumstances?
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