Required information [The following information applies to the questions displayed below.] This year Jack intends to file a married-joint return. Jack received $172,500 of salary and paid $5,000 of...


Required information<br>[The following information applies to the questions displayed below.]<br>This year Jack intends to file a married-joint return. Jack received $172,500 of salary and paid $5,000 of interest on<br>loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving<br>expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your<br>intermediate calculations and final answer to the nearest whole dollar amount.)<br>b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self-<br>employment taxes on this income. What AGI would Jack report under these circumstances?<br>Jack's AGI<br>

Extracted text: Required information [The following information applies to the questions displayed below.] This year Jack intends to file a married-joint return. Jack received $172,500 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 moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 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? Jack's AGI

Jun 10, 2022
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