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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 $4,000 Account (HSA) Charitable Contributions $1,000 State Income Taxes $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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