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Jim and Breena are Married Filing Jointly. In 2018, they contributed $10,000 to their traditional...

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Accounting

Jim and Breena are Married Filing Jointly. In 2018, they contributed $10,000 to their traditional IRAs. They also put $2,000 into Jim's company's HSA. They paid $12,000 in home mortgage interest and also paid $8,000 in state and local taxes. They had total income of $75,000 in 2018. Compute their Adjusted Gross Income (AGI).

Group of answer choices

$75,000

$39,000

$43,000

$63,000

Answer & Explanation Solved by verified expert
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