a. What is Diane's adjusted gross income? Diane's AGI
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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This year Diane intends to file a married-joint return. Diane received $187,500 of salary and paid $5,000 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,300 and $28,300 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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc65329ab-27f2-495f-846b-b64dddd3bf26%2Fdaca4797-447a-4ac5-8fee-5ad8458c8926%2F78a2dc_processed.jpeg&w=3840&q=75)
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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 $187,500 of salary and paid $5,000 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,300 and $28,300 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
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