Diane's adjusted gross income
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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displayed below.]
This year Diane intends to file a married-joint return.
Diane received $188,300 of salary and paid $8,150 of
interest on loans used to pay qualified tuition costs for
her dependent daughter, Deb. This year Diane has also
paid moving expenses of $9,000 and $28,700 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?
Answer is complete but not entirely correct.
$ 151,450 X
Diane's AGI](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F58c4cd0a-a937-4a27-89c3-b6e58f5edc52%2Fd4fa7493-a494-4c85-97a9-95e4bce6556d%2Fdirwi7rb_processed.png&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions
displayed below.]
This year Diane intends to file a married-joint return.
Diane received $188,300 of salary and paid $8,150 of
interest on loans used to pay qualified tuition costs for
her dependent daughter, Deb. This year Diane has also
paid moving expenses of $9,000 and $28,700 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?
Answer is complete but not entirely correct.
$ 151,450 X
Diane's AGI
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