This year Diane intends to file a married-joint return. Diane received $181,900 of salary and...
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Accounting
This year Diane intends to file a married-joint return. Diane received $181,900 of salary and paid $8,200 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $6,950 and $30,500 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 $9,400 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?
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