Required information Problem 6-31 (LO 6-1) (Algo) [The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022 , Rocco had the following income and expenses. You may assume that Rocco will owe $2,630 in self-employment tax on his salon income, with $1,315 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Problem 6-31 Part-a (Algo) a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign. Required information Problem 6-33 (LO 6-1) (Algo) [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $178,900 of salary and paid $7,250 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,450 and $29,000 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Algo) a. What is Diane's adjusted gross income? Answer is complete but not entirely correct. Required information Problem 6-33 (LO 6-1) (Algo) [The following information opplies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $178,900 of salary and paid $7,250 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,450 and $29,000 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. roblem 6-33 Part-b (Algo) Suppose that Diane also reported income of $13,100 from a half share of profits from a partnership. Disregard any potential selfmployment taxes on this income. What AGI would Diane report under these circumstances? Required information Problem 6-31 (LO 6-1) (Algo) [The following information applies to the questions displayed below.] Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and rents an apartment building. In 2022 , Rocco had the following income and expenses. You may assume that Rocco will owe $2,630 in self-employment tax on his salon income, with $1,315 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Problem 6-31 Part-a (Algo) a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign. Required information Problem 6-33 (LO 6-1) (Algo) [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $178,900 of salary and paid $7,250 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,450 and $29,000 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Algo) a. What is Diane's adjusted gross income? Answer is complete but not entirely correct. Required information Problem 6-33 (LO 6-1) (Algo) [The following information opplies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $178,900 of salary and paid $7,250 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,450 and $29,000 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. roblem 6-33 Part-b (Algo) Suppose that Diane also reported income of $13,100 from a half share of profits from a partnership. Disregard any potential selfmployment taxes on this income. What AGI would Diane report under these circumstances
