In 2020, Mason, age 35 and single, earned wages of $75,000. Mason had no exclusions, and he had adjustments of $1,000. Mason’s itemized deductions for the year totaled $11,000. Mason has no QBI (and thus no QBI deduction). Mason's employer withheld federal income taxes of $5,000 from Mason's paychecks, and Mason is also entitled to an additional $2,500 tax credit. What is Mason’s AGI?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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In 2020, Mason, age 35 and single, earned wages of $75,000. Mason had no exclusions, and he had adjustments of $1,000. Mason’s itemized deductions for the year totaled $11,000. Mason has no QBI (and thus no QBI deduction). Mason's employer withheld federal income taxes of $5,000 from Mason's paychecks, and Mason is also entitled to an additional $2,500 tax credit.

What is Mason’s AGI? 

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