Business, 01.03.2021 22:40 rosier2230

This year Jack intends to file a married-joint return. Jack received $172,500 of salary and paid $5,000 of interest on loans used 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. (Do not round intermediate calculations and round your final answer to the nearest whole dollar amount.) 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?

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This year Jack intends to file a married-joint return. Jack received $172,500 of salary and paid $5,...

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