Problem 1 - Income Inclusions and Exclusions Alfred E. Old and Beulah A. Crane, each aged 42, married on 9/7/2018. They file a joint return for 2022 . They provide you with the following information: 1) Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays $15,000 in 2022 . In addition, in January 2022 , Alfred pays Sarah $50,000 which is designated as being for her share of marital property. 2) Alfred's salary for 2022 is $150,000 working as an executive for Cherry, Inc. As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. 3) Beulah Recently graduated from law school and is employed by the Legal Aid Society as a public defender. She received a salary of $42,000 in 2022. 4) Alfred and Beulah had interest income of $500 in 2022 of which $200 was from bonds issued by their city of residence. They also received a $1,900 refund on their 2021 state taxes. They claimed the standard deduction on their 2021 federal taxes. Based on the above information, what is Alfred and Beulah's Adjusted Gross Income for 2022? Problem 1 - Income Inclusions and Exclusions Alfred E. Old and Beulah A. Crane, each aged 42, married on 9/7/2018. They file a joint return for 2022 . They provide you with the following information: 1) Alfred was divorced from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays $15,000 in 2022 . In addition, in January 2022 , Alfred pays Sarah $50,000 which is designated as being for her share of marital property. 2) Alfred's salary for 2022 is $150,000 working as an executive for Cherry, Inc. As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. 3) Beulah Recently graduated from law school and is employed by the Legal Aid Society as a public defender. She received a salary of $42,000 in 2022. 4) Alfred and Beulah had interest income of $500 in 2022 of which $200 was from bonds issued by their city of residence. They also received a $1,900 refund on their 2021 state taxes. They claimed the standard deduction on their 2021 federal taxes. Based on the above information, what is Alfred and Beulah's Adjusted Gross Income for 2022