Required information [The following information applies to the questions displayed below.] This year Diane intends to file a married-joint return. Diane received $190,900 of salary and paid $9,800 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $7,500 and $30,000 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?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Required information
[The following information applies to the questions displayed below.]
This year Diane intends to file a married-joint return. Diane received $190,900 of salary and paid $9,800 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $7,500 and $30,000 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?
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 $190,900 of salary and paid $9,800 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $7,500 and $30,000 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?
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