Question

Using a ucf graduate's current year tax data below, what is the adjusted gross income: wages = $55,000 ordinary dividends = $1,000 interest on municipal bonds = $2,000 traditional ira contribution = $3,000 short term capital gain = $ 9,000 alimony paid = $20,000 $42,000 $80,000 $46,000 $88,000 $40,000

Answer 1

Answer:

$42,000

Explanation:

Wages                                        $55,000

Ordinary dividends                    $1,000

Traditional iRA contribution      $3,000

Short term capital gain             ($9,000)

Alimony paid                            ($20,000)

Total                                        $42,000