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murzikaleks [220]
4 years ago
8

This year Jack intends to file a married-joint return. Jack received $167,500 of salary and paid $5,000 of interest on loans use

d to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012.b. Suppose that Jack 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 Jack report under these circumstances?

Business
1 answer:
Valentin [98]4 years ago
6 0

Answer:

AGI = $141,925

Explanation:

Please see attachment.

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