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Al is single, age 60, and has gross income of $140,000 in 2018. His deductible expenses in 2018 are as follows: Alimony $20,000 Charitable contributions
Al is single, age 60, and has gross income of $140,000 in 2018. His deductible expenses in 2018 are as follows:
Alimony
$20,000
Charitable contributions
4,000
Contribution to a traditional IRA
5,500
Interest on home mortgage and property taxes on personal residence
7,200
State income tax
2,200
What is Al's AGI?
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Management Information Systems Managing the digital Firm
Authors: Kenneth C. Laudon, Carol Guercio Traver
14th edition
