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This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $78,600 and he
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $78,600 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:
Cost of moving his possessions to the city (125 miles away) | $ | 1,200 |
Interest paid on accumulated student loans | 3,010 | |
Cost of purchasing a delivery uniform | 1,610 | |
Contribution to State University deliveryman program | 1,405 | |
Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evans student loans this year.
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