Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year.
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- This year (2023), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $79,700 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans. Cost of purchasing a delivery uniform Contribution to State University deliveryman program $ 1,200 2,960 1,560 1,380 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Evan's AGI Taxable incomeAlpeshThis year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $75,000 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Cash contribution to State University deliveryman program $1,200 2,980 1,580 1,390 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Evan's AGI Taxable income
- This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $72,600 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,820 Cost of purchasing a delivery uniform 1,420 Cash contribution to State University deliveryman program 1,310 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Please post the right solution for this problem, for year 2022. This is for Tax 4001. Thank you.This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,400 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,940 Cost of purchasing a delivery uniform 1,540 Cash contribution to State University deliveryman program 1,370 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year.This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,850 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) $ 1,200 Interest paid on accumulated student loans 2,970 Cost of purchasing a delivery uniform 1,570 Cash contribution to State University deliveryman program 1,385 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. What is Evan's AGI? What is Evan's Taxable Income?
- 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.Please help on this question. Please show all steps.to pay for college, henry recjeves the following: 1,000 scholarships from the Thespian Club to pay for book, 4,000 scholorship from the elks lodge tuition, 5000 worth room and board as a dorm supervisor through a work study program
- Adrian was awarded an academic scholarship to State University for the 2023–2024 academic year. He received $6,500 in August and $7,200 in December 2023. Adrian had enough personal savings to pay all expenses as they came due. Adrian's expenditures for the relevant period were as follows: Tuition, August 2023 $3,700 Tuition, January 2024 3,750 Room and board August–December 2023 2,800 January–May 2024 2,500 Books and educational supplies August–December 2023 1,000 January–May 2024 1,200 Question Content Area Regarding Adrian's scholarship, indicate whether the following statements are "True" or "False". a. When Adrian received the money in 2023, his total expenses for the academic year were not known. Therefore, he is allowed to defer reporting the income until 2024, when the uncertainty is resolved. b. The amount Adrian spent on tuition, books, and educational supplies in 2024 will not be excludable, since the scholarship was…Adrian was awarded an academic scholarship to State University for the 2023-2024 academic year. He received $6,500 in August and $7,200 in December 2023. Adrian had enough personal savings to pay all expenses as they came due. Adrian's expenditures for the relevant period were as follows: Tuition, August 2023 Tuition, January 2024 Room and board August-December 2023 January-May 2024 Books and educational supplies August-December 2023 January-May 2024 b. Regarding Adrian's scholarship, indicate whether the following statements are "True" or "False". C. a. When Adrian received the money in 2023, his total expenses for the academic year were not known. Therefore, he is allowed to defer reporting the income until 2024, when the uncertainty is resolved. d. $3,700 3,750 2,800 2,500 2023: 1,000 1,200 2024: The amount Adrian spent on tuition, books, and educational supplies in 2024 will not be excludable, since the scholarship was awarded in 2023. What amount, if any, must Adrian include in…C-D. Use the following information for the next two questions:Mr A, employed in the private sector, received the following benefits during the year: Rice subsidy of one 50 kg sack of rice per month worth P2,500 Uniform and clothing allowance, P8,000 for the year Medical benefits for hospitalization during the year, P38,000 Laundry allowance, PI,000 per month Omega wristwatch worth P230,000 received as a loyalty award for having worked for the company in the last 25 years. 13 month pay, P40,000 Christmas bonus, P6,000Question: C. How much is Mr. X's taxable "13" month pay and Other Benefits?Answer: Question: D. If Mr X's total "take-home pay (excluding the benefits above) for the year was 480,000, how much is Mr X's tax due for the year?Answer: