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Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has one child from
Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has one
child from the prior marriage. He is selfemployed and operates his own computer repair store. For the first two months of the year,
Alyssa worked for Office Depot as an employee. In March. Alyssa accepted a new job with Super Toys Incorporated ST where she
worked for the remainder of the year. This year, the Johnsons received $ of gross income. Determine the Johnson's AGI for
given the following information:
a Expenses associated with Jeremy's store include $ in salary and employment taxes to employees, $ of supplies, and
$ in rent and other administrative expenses.
b As a salesperson. Alyssa incurred $ in travel expenses related to her employment that were not reimbursed by her employer.
c The Johnsons own a piece of raw land held as an investment. They paid $ of real property taxes on the property and they
incurred $ of expenses in travel costs to see the property and to evaluate other similar potential investment properties.
d The Johnsons own a rental home. They incurred $ of expenses associated with the property
e Jeremy paid $ for health insurance coverage for himself not through an exchange Alyssa was covered by health plans
provided by her employer, but Jeremy is not eligible for the plan until next year:
f Jeremy paid $ in selfemployment taxes $ represents the employer portion of the selfemployment taxes
g Jeremy paid $ in alimony and $ in child support from his prior marriage divorce decree executed in
h The Johnsons donated $ to their favorite charity.
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