Chapter 6, Problem 51CP

This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $72,300 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:

Cost of moving his possessions to the city (125 miles away)    $1,200

Interest paid on accumulated student loans    2,800

Cost of purchasing a delivery uniform    1,400

Contribution to State University deliveryman program    1,300

Calculate Evan’s AGI and taxable income if he files single. Assume that interest payments were initially required on Evan’s student loans this year.