This year Diane intends to file a married-joint return. Diane received $180,300 of salary and paid $9,900 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,900 and $29,700 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. oblem 6-33 Part-b (Algo) Suppose that Diane also reported income of $13,050 from a half share of profits from a partnership. Disregard any potential self- mployment taxes on this income. What AGI would Diane report under these circumstances? Diane's AGI
This year Diane intends to file a married-joint return. Diane received $180,300 of salary and paid $9,900 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,900 and $29,700 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. oblem 6-33 Part-b (Algo) Suppose that Diane also reported income of $13,050 from a half share of profits from a partnership. Disregard any potential self- mployment taxes on this income. What AGI would Diane report under these circumstances? Diane's AGI
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 64P: Leroy and Amanda are married and have three dependent children. During the current year, they have...
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT