Question
Comprehensive Problem 6-61 (LO 6-1, LO 6-2, LO 6-3) (Algo) This year (2022), Evan graduated from college and took a job as a deliveryman
Comprehensive Problem 6-61 (LO 6-1, LO 6-2, LO 6-3) (Algo) This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,400 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 Cost of purchasing a delivery uniform Cash contribution to State University deliveryman program $ 1,200 2,940 1,540 1,370 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. Evan's AGI $ 84,690 Taxable income $ 72,290
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