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Quinn is single, age 52 and has the following income and expenses for 2020: Wages earned 40,000 Worker's compensation 10,000 Gift from aunt 8,000
Quinn is single, age 52 and has the following income and expenses for 2020: Wages earned 40,000 Worker's compensation 10,000 Gift from aunt 8,000 Qualified dividends 5,000 Long-term gain on the sale of personal jewelry 3,000 Qualified student loan interest 4,500 Qualified contribution to traditional IRA 7,000 Calculate Quinn's AGI (adjusted gross income). 7 points All calculations must be shown.
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