Nadiya (28) is single. She paid $2,000 in eligible student loan interest during the year. She...

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Nadiya (28) is single. She paid $2,000 in eligible student loan interest during the year. She...

Nadiya (28) is single. She paid $2,000 in eligible student loan interest during the year. She also received income from the following sources:

$35,000 in wages.
Unemployment income of $4,320.
$300 in gambling winnings from a winning lottery ticket.

1) What is Nadiyah's adjusted gross income?

a) $35,000

b) $35,300

c) $37,620

d) $39,620

business accounting

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Answer 1

Answer #1

Answer:

Correct answer is:

c) $37,620

Explanation:

AGI = Wages + Unemployment income + gambling winnings - student loan interest = 35000 + 4320 + 300 - 2000 = $37,620

Option c is correct and other options a, b and d are incorrect.

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Answer 2

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