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This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of allmony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG

This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of allmony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG

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This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of Interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG
Transcribed Image Text:This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of Interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG
This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-b (Static) b. Suppose that Diane also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self- employment taxes on this income. What AGI would Diane report under these circumstances? Diane's AGI
Transcribed Image Text:This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-b (Static) b. Suppose that Diane also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self- employment taxes on this income. What AGI would Diane report under these circumstances? Diane's AGI
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