Question
this year Jack intends to file a married-joint return. Jack received $173,600 of salary and paid $6950 of interest on loans used to pay qualified
this year Jack intends to file a married-joint return. Jack received $173,600 of salary and paid $6950 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5550 and $31,800 of alimony to his ex-wife, Diane, who divorced him in 2012. a. What is Jack's adjusted gross income?
B. Suppose that Jack also reported income of $12,650 from a half share profits from a partnership disregard self employment taxes on this income what AGI would Jack report under these circumstances
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