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Heather, an individual, reported the following items of income and expense during the current year: Salary $90,000 Alimony that Heather paid to a former spouse
Heather, an individual, reported the following items of income and expense during the current year:
- Salary $90,000
- Alimony that Heather paid to a former spouse $20,000 (Post-Tax Cuts & Jobs Act Alimony)
- Inheritance from a grandparent $15,000
- Proceeds of a lawsuit for physical injuries: $20,000
What is the amount of Heathers Adjusted Gross Income (AGI)?
Group of answer choices
$70,000.
$85,000.
$90,000.
$105,000.
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