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Comprehensive Problem 6 - 6 1 ( LO 6 - 1 , LO 6 - 2 , LO 6 - 3 ) ( Algo )

Comprehensive Problem 6-61(LO 6-1, LO 6-2, LO 6-3)(Algo) Comprehensive Problem 6-61(LO 6-1, LO 6-2, LO 6-3)(Algo)
This year (2024), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $85,000 and he
received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:
Cost of moving his possessions to the city (125 miles away)
Interest paid on accumulated student loans \1,2080
Cost of purchasing a delivery uniform 1,580
Contribution to State University deliveryman program 1,390
Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student
loans this year.
Answer is complete but not entirely correct.
This year (2024), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $85,000 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:
Cost of moving his possessions to the city (125 miles away) $ 1,200
Interest paid on accumulated student loans 2,980
Cost of purchasing a delivery uniform 1,580
Contribution to State University deliveryman program 1,390
Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year.
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