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This year Jack intends to file a married-joint return with two dependents. Jack received $167,500...

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Accounting

This year Jack intends to file a married-joint return with two dependents. Jack received $167,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid qualified moving expenses of $4,300 and $24,000 of alimony A)What is Jack's adjusted gross income? Assume that Jack will opt to treat tax items in a manner to minimize his AGI B)Suppose that Jack 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 Jack report under these circumstances? Again, assume that Jack will opt to treat tax items in a manner to minimize his AGI

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