Answered

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This year (2022), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $75,450 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) $ 1,200
Interest paid on accumulated student loans 3,010
Cost of purchasing a delivery uniform 1,610
Cash contribution to State University deliveryman program 1,405

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 =

Sagot :

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