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Toby runs a logistics company out of Columbus, Ohio. He reported total income (on line 6 of his 2018 form 1040) of $78,600. As part
Toby runs a logistics company out of Columbus, Ohio. He reported total income (on line 6 of his 2018 form 1040) of $78,600. As part of a divorce settlement he was required to pay alimony to his former wife of $1,000 each month last year. Toby also contributed $3,150 to his Roth IRA and $3,000 to a traditional IRA. Assuming no other adjustments to income, what is Toby's Adjusted Gross Income, as reported on line 7 of the 2018 Form 1040?
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