Suppose you made $85,776 of income from wages and $830 of taxable interest. You also madecontributions of $3700 to a tax deferred retirement account. You have 2 dependents and file as single. Thestandard deduction is 11900 and the exemption amount is 3100 per exemption.What is your Adjusted Gross Income?Answer to the nearest dollar.

Income and expenses have been provided. We have to calculated the adjusted gross income.

Answered: Suppose you made $85,776 of income from…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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