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Al is single, age 60, and has gross income of $140,000. His deductible expenses are as follows: Alimony(divorce finalized in 2017) $20,000 Charitable contributions 4,000
Al is single, age 60, and has gross income of $140,000. His deductible expenses are as follows: Alimony(divorce finalized in 2017) $20,000 Charitable contributions 4,000 Contribution to a traditional IRA 5,500 7,500 Expenses paid on rental property Interest on home mortgage and property taxes on personal residence 7,200 State income tax 2,200 What is Al's AGI? Oa. $107,000. Ob. $94,100. Oc. $103,000. Od. $127,000
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