Janice is single, had a gross income of $38,000, and incurred the expenses: Charitable contribution Taxes and interest on home following $2,500 9,000 Legal fees incurred in a tax dispute 1,000 Medical expenses incl. a contribution to her HSA of $2,500 Student Loan Interest Her AGI is: a. $21,300 b. $28,800 c. $35,300 d. $37,800 4,000 200
Janice is single, had a gross income of $38,000, and incurred the expenses: Charitable contribution Taxes and interest on home following $2,500 9,000 Legal fees incurred in a tax dispute 1,000 Medical expenses incl. a contribution to her HSA of $2,500 Student Loan Interest Her AGI is: a. $21,300 b. $28,800 c. $35,300 d. $37,800 4,000 200
Chapter5: Gross Income: Exclusions
Section: Chapter Questions
Problem 3BCRQ
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General accounting
Transcribed Image Text:Janice is single, had a gross income of
$38,000, and incurred the
expenses:
Charitable contribution
Taxes and interest on home
following
$2,500
9,000
Legal fees incurred in a tax dispute 1,000
Medical expenses incl. a contribution
to her HSA of $2,500
Student Loan Interest
Her AGI is:
a. $21,300
b. $28,800
c. $35,300
d. $37,800
4,000
200
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