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This year Jack intends to file a married-joint return. Jack received $181,200 of salary and paid $7,500 of interest on loans used to pay qualified
This year Jack intends to file a married-joint return. Jack received $181,200 of salary and paid $7,500 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,750 and $33,900 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Problem 6-32 Part-a (Algo) a. What is Jack's adjusted gross income? Jack's AGI This year Jack intends to file a married-joint return. Jack received $181,200 of salary and paid $7,500 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,750 and $33,900 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Problem 6-32 Part-b (Algo) b. Suppose that Jack also reported income of $10,400 from a half share of profits from a partnership. Disregard any potential self- employment taxes on this income. What AGI would Jack report under these circumstances? Jack's AGI
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