Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year: Contribution to Traditional IRA : 5000 PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000 Medical expenses: 6000 What is Amy's Adjusted Gross Income? (AGI) a. 29000 b. 34000 c. 35000 d. 39000
Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year: Contribution to Traditional IRA : 5000 PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000 Medical expenses: 6000 What is Amy's Adjusted Gross Income? (AGI) a. 29000 b. 34000 c. 35000 d. 39000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year:
Contribution to Traditional IRA : 5000
PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000
Medical expenses: 6000
What is Amy's Adjusted Gross Income? (AGI)
a. 29000
b. 34000
c. 35000
d. 39000
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