This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 of allmony to her ex-spouse, Jack, who she divorced in 2012. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG

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Chapter4: Gross Income: Concepts And Inclusions
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Problem 2CPA: Fred and Wilma were divorced in year 1 (before 2019). Fred is required to pay Wilma 12,000 of...
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C.5.

This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of Interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,300 and $28,300 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.
Problem 6-33 Part-a (Static)
a. What is Diane's adjusted gross income?
Diane's AG
Transcribed Image Text:This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of Interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 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. Problem 6-33 Part-a (Static) a. What is Diane's adjusted gross income? Diane's AG
This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,300 and $28,300 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.
Problem 6-33 Part-b (Static)
b. Suppose that Diane 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 Diane report under these circumstances?
Diane's AGI
Transcribed Image Text:This year Diane intends to file a married-joint return. Diane received $177,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,300 and $28,300 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. Problem 6-33 Part-b (Static) b. Suppose that Diane 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 Diane report under these circumstances? Diane's AGI
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