What is Diane's adjusted gross income?
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 57P
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![Required information
[The following information applies to the questions displayed below.]
This year Diane intends to file a married-joint return. Diane received $190,700 of salary and paid $9,250 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $5,050 and $29,900 of alimony to her ex-spouse, Jack, who she divorced in 2013.
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
a. What is Diane's adjusted gross income?
Diane's AGI
$ 190,700](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5e56eb1b-4766-48d2-8d55-443493dd23dc%2Fe6879721-bc30-43e9-80d8-7aae4e7fac26%2Ftipbb3k_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
This year Diane intends to file a married-joint return. Diane received $190,700 of salary and paid $9,250 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $5,050 and $29,900 of alimony to her ex-spouse, Jack, who she divorced in 2013.
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
a. What is Diane's adjusted gross income?
Diane's AGI
$ 190,700
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT