SWFT Comprehensive Volume 2019
SWFT Comprehensive Volume 2019
42nd Edition
ISBN: 9780357233306
Author: Maloney
Publisher: Cengage
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Problem 6-33 (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 $181,300 of salary and paid $7,500 of interest on
loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses
of $4,750 and $30,200 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.
Problem 6-33 Part-b (Algo)
b. Suppose that Diane also reported income of $10,400 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?
Diane's AGI
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Transcribed Image Text:Required information Problem 6-33 (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 $181,300 of salary and paid $7,500 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,750 and $30,200 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. Problem 6-33 Part-b (Algo) b. Suppose that Diane also reported income of $10,400 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? Diane's AGI
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