If their salaries for the year amounted to $66,900 and they had interest income of $1,780. The amount of their adjusted gross income is: $64,445.
<h3>Adjusted gross income</h3>
Using this formula
Adjusted gross income=Salaries+ Interest income-Deduction for adjusted gross income
Where:
Salaries=$66,900
Interest income=$1,780
Deduction for adjusted gross income=$4,235
Let plug in the formula
Adjusted gross income=$66,900+$1,780-$4,235
Adjusted gross income=$64,445
Therefore if their salaries for the year amounted to $66,900 and they had interest income of $1,780. The amount of their adjusted gross income is: $64,445.
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The complete question is:
Diego, age 28, married dolores, age 27, in 2021. their salaries for the year amounted to $66,900 and they had interest income of $1,780. diego and dolores' deductions for adjusted gross income amounted to $4,235; their itemized deductions were $16,800, and they have no dependents.
What is the amount of their adjusted gross income?
