This year Evans graduated from college and took a job as a deliveryman in the city Evans was paid a salary of $72,
This year Evans graduated from college and took a job as a deliveryman in the city Evans was paid a salary of $72,
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 55P
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This year Evans graduated from college and took a job as a deliveryman in the city Evans was paid a salary of $72,300 and he received $700 in hourly pay for the part-time over the weekends. Evans summerized his expenses aa follows.
. Cost of moving his possessions to the city (125miles) $1,200.
.interest paid on accumulated student loans $2,800.
.Cost of purchasing a delivery uniform $1,400.
.contribution to state university deliveryman program $1'300.
Using TaxAct, complete page 1of Evans form 1040 for 2019 and calculate his adjusted gross income and taxable income.
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