This year Diane intends to file a married-joint return. Diane received $192,100 of salary and paid $8,600 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,550 and $30,600 of alimony to her ex-spouse, Jack, who she divorced in 2013.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 32P
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For the year 2024, please and thank you!
n
Required information
Problem 6-66 (LO 6-1) (Algo)
[The following information applies to the questions displayed below
(
This year Diane intends to file a married-joint return. Diane received $192,100 of salary and paid $8,600 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,550 and $30,600 of alimony to her ex-spouse, Jack, who she divorced in 2013.
Note: Round your intermediate calculations and final answer to the nearest whole dollar amount.
Answer is complete but not entirely correct.
$ 159,000
Problem 6-66 Part-b (Algo)
b. Suppose that Diane also reported income of $10,900 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
Transcribed Image Text:For the year 2024, please and thank you! n Required information Problem 6-66 (LO 6-1) (Algo) [The following information applies to the questions displayed below ( This year Diane intends to file a married-joint return. Diane received $192,100 of salary and paid $8,600 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,550 and $30,600 of alimony to her ex-spouse, Jack, who she divorced in 2013. Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Answer is complete but not entirely correct. $ 159,000 Problem 6-66 Part-b (Algo) b. Suppose that Diane also reported income of $10,900 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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