FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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V19

This year (2021), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $72,300 and he
received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:
Cost of moving his possessions to the city (125 miles away)
Interest paid on accumulated student loans
Cost of purchasing a delivery uniform
Cash contribution to State University deliveryman program
$ 1,200
2,800
1,400
1,300
Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student
loans this year.
Evan's AGI
Taxable income
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Transcribed Image Text:This year (2021), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $72,300 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Cash contribution to State University deliveryman program $ 1,200 2,800 1,400 1,300 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year. Evan's AGI Taxable income
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