Question
Jamal has the following income and expense information for 2018: Income $ 160,000.00 Municipal Bond Interest $ 2,200.00 Expenses Moving Expenses $ 3,600.00 Fees paid
- Jamal has the following income and expense information for 2018:
| Income | $ 160,000.00 |
| Municipal Bond Interest | $ 2,200.00 |
| Expenses | |
| Moving Expenses | $ 3,600.00 |
| Fees paid to Accountant | $ 1,800.00 |
| Mortgage Interest | $ 14,500.00 |
| Taxes Paid | $ 11,000.00 |
| Charitable Donations | $ 1,750.00 |
| Roth IRA Contributions | $ 5,500.00 |
| Alimony Payments | $ 8,000.00 |
How much must Jamal report as AGI on his tax return?
- $160,000
- $162,200
- $154,200
- $146,500
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Federal Taxation 2016 Comprehensive
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
29th Edition
134104374, 978-0134104379
