Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year: Contribution to Traditional IRA : 5000 PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000 Medical expenses: 6000 What is Amy's Adjusted Gross Income? (AGI) a. 29000 b. 34000 c. 35000 d. 39000

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter4: Gross Income
Section: Chapter Questions
Problem 1BCRQ
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Amy earns an income of 50,000 this year as an employee of rooster enterprises. She pays the following amounts during the year:

Contribution to Traditional IRA : 5000

PreTax Cuts and Jobs Act Alimony she paid to her ex husband: 10,000

Medical expenses: 6000

What is Amy's Adjusted Gross Income? (AGI)

a. 29000

b. 34000

c. 35000

d. 39000

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