Question
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $79,500 and he
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $79,500 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)$1,200Interest paid on accumulated student loans3,040Cost of purchasing a delivery uniform1,640Contribution to State University deliveryman program1,420
Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year.
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