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This year Diane intends to file a married-joint return. Diane received $189,700 of salary and paid $8,350 of interest on loans used to pay qualified
This year Diane intends to file a married-joint return. Diane received $189,700 of salary and paid $8,350 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $5,100 and $29,400 of alimony to her ex-spouse, Jack, who she divorced in 2013.
B. Suppose that Diane also reported income of $12,850 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?
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