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Assume the Grossfields had Gross Income of $200,000 (before the following transactions) in 2021, and report the following information regarding 2021 expenditures. Payments to
Assume the Grossfields had Gross Income of $200,000 (before the following transactions) in 2021, and report the following information regarding 2021 expenditures. Payments to Jeff Gordon $14,000 Contributions to Health Savings Account $4,000 (HSA) Charitable Contributions State Income Taxes $1,000 $20,000 Additional Information: Anna was Divorced from Jeff Gordon in February of 2019. The payments will continue for the rest of his life. The taxpayers will use the standard deduction in 2021. The taxpayers sold 100 Shares of Gamestop Stock for $10,000 that they had previously purchased for $20,000. Required: What is the taxpayer's adjusted gross income (AGI) for 2021?
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