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This year Jack intends to file a married-joint return. Jack received $170,200 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 $170,200 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 $29,475 of alimony to his ex-wife, Diane, who divorced him in 2012. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.)
a. What is Jack's adjusted gross income? Jack's AGI b. Suppose that Jack also reported income of $10,400 from a half share of profits from a partnership. What AGI would Jack report under these circumstances? Jack's AGI
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