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(Solved): This year Diane intends to file a married-joint return. Diane received $181,100 of salary and paid $ ...



This year Diane intends to file a married-joint return. Diane received $181,100 of salary and paid $6,550 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $8,950 and $30,100 of alimony to her ex-spouse, Jack, who she divorced in 2012.

Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.

a. What is Diane's adjusted gross income?

 b. Suppose that Diane also reported income of $10,500 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income. What AGI would Diane report under these circumstances?

This year Diane intends to file a married-joint return. Diane received \( \$ 181,100 \) of salary and paid \( \$ 6,550 \) of
This year Diane intends to file a married-joint retum. Diane recelved \( \$ 181,100 \) of salary and paid \( \$ 6.550 \) of i
This year Diane intends to file a married-joint return. Diane received \( \$ 181,100 \) of salary and paid \( \$ 6,550 \) of interest on loans used to pay qualified tuition costs for her dependent daughter. Deb. This year Diane has also paid moving expenses of \( \$ 8,950 \) and \( \$ 30,100 \) of alimony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. a. What is Diane's adjusted gross income? This year Diane intends to file a married-joint retum. Diane recelved \( \$ 181,100 \) of salary and paid \( \$ 6.550 \) of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of \( \$ 8,950 \) and \( \$ 30,100 \) of alimony to her ex-spouse, Jack, who she divorced in 2012 Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. b. Suppose that Diane aiso reported income of \( \$ 10,500 \) from a half share of profits from a partnership. Disregard any potential selfemployment taxes on this income What AGl would Diane report undet these circumstances?


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We have assumed current year as 2022 for tax purpose. As divorce done in 2012 hence alimony payment is deduction before AGI. Effective 2018 moving exp
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