Required information Problem 6-66 (LO 6-2) (Algo) Skip to question [The following information...
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Accounting
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Problem 6-66 (LO 6-2) (Algo)
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This year Diane intends to file a married-joint return. Diane received $178,700 of salary and paid $9,500 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $8,700 and $28,900 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 also reported income of $10,200 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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