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Required information [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $177,500 of salary
Required information [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 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. b. Suppose that Diane also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income. What AGI would Diane report under these circumstances? ences Diane's AGI Required information [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 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. a. What is Diane's adjusted gross income? Diane's AGI $ 142,400
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