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Joe is a single, self-employed individual who owns his own business. During 2020, Joe reported $200,000 gross income and $60,000 of business expenses. He also
Joe is a single, self-employed individual who owns his own business. During 2020, Joe reported $200,000 gross income and $60,000 of business expenses. He also paid $30,000 in alimony (divorced in 2017) to his former spouse, $4,000 mortgage interest on his personal home, $6,000 for health insurance premiums, and $2,000 for medicine and doctors. Ignoring any self-employment tax on the business income, what is Joe's AGI? Select the labels and calculate Joe's AGI. (If an input field is not used in the table leave the input field(s) empty. Do not select a label or enter a zero.) Minus: For AGI deductions ME Adjusted gross income
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