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John and Shirley Duo are married taxpayers who are planning to file MFJ for 2020. They have the following items of income for 2020. Please
John and Shirley Duo are married taxpayers who are planning to file MFJ for 2020. They have the following items of income for 2020. Please indicate what amount, if any, should be included in AGI for 2020 for each potential income item:
- John and Shirley have the following for 2020: Salary income $98,000; Interest Income $7,000; Rental Net Income $11,000; Alimony paid to Johns ex-wife $8,000 (under a 2010 divorce decree); Child support paid to Johns ex-wife $10,000. What amount, if any, should be included in AGI as a result of this transaction?
Group of answer choices
$104,000
$116,000
$128,000
$98,000
$108,000
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