Homework Answers
| Salary | 72,900 |
| Part time hourly pay | 700 |
| Gross Income | 73,600 |
| Less: Moving expense deduction | (1,200) |
| Modified AGI (for student int) | 72,400 |
| Less: Student loan int deduction | (1,267) |
| AGI | 71,133 |
| Less: Standard Deduction | (12,200) |
| Taxable Income | 58,933 |
Student loan int deduction = (72400-65000) / (80000 - 65000) = 49.33%
Deduction allowed = 2500 - (2500*49.33%) = $1,267
I have taken standard deduction as per 2019 rates.
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Comprehensive Problem 6-51 (LO 6-1, LO 6-2, LO 6-3) This year Evan graduated from college and...
This year Evan graduated from college and took a job as a deliveryman in the city,...
This year Evan graduated from college and took a job as a deliveryman in the city, Evan was paid a salary of $75,600 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 Contribution to State University deliveryman program 1,510 Calculate Evan's AGI and taxable income if he...
This year Evan graduated from college and took a job as a deliveryman in the city,...
This year Evan graduated from college and took a job as a deliveryman in the city, Evan was paid a salary of $75,600 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 Contribution to State University deliveryman program 1,510 Calculate Evan's AGI and taxable income if he...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $76,200 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 Contribution to State University deliveryman program $1,200 2.93e 1.530 1.365 Calculate Evan's AGI and taxable...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year 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) $1,200 Interest paid on accumulated student loans 2,800 Cost of purchasing a delivery uniform 1,400 Contribution to State University deliveryman program 1,300 Calculate Evan's AGI and taxable...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,700 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 2,880 Cost of purchasing a delivery uniform 1,480 Contribution to State University deliveryman program 1,340 Calculate Evan's AGI and...
There is no extra infomation. This year Evan graduated from college and took a job as...
There is no extra infomation.
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $73,200 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: $1,200 Cost of saving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman progra Calculate Evan's AGI...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $74,400 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 2,870 Cost of purchasing a delivery uniform 1,470 Contribution to State University deliveryman program 1,335 Calculate Evan's AGI and...
1.) 2.) 3.) This year Evan graduated from college and took a job as a deliveryman...
1.)
2.)
3.)
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $70,600 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles анау) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2.910 1,510 1, 355 Calculate Evan's...
This year Evan graduated from college and took a job as a deliveryman in the city....
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
This year Evan graduated from college and took a job as a deliveryman in the city, Evan was paid a salary of $75,600 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 Contribution to State University deliveryman program 1,510 Calculate Evan's AGI and taxable income if he...
This year Evan graduated from college and took a job as a deliveryman in the city, Evan was paid a salary of $75,600 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 Contribution to State University deliveryman program 1,510 Calculate Evan's AGI and taxable income if he...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $76,200 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 Contribution to State University deliveryman program $1,200 2.93e 1.530 1.365 Calculate Evan's AGI and taxable...
This year 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) $1,200 Interest paid on accumulated student loans 2,800 Cost of purchasing a delivery uniform 1,400 Contribution to State University deliveryman program 1,300 Calculate Evan's AGI and taxable...
There is no extra infomation.
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $73,200 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows: $1,200 Cost of saving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman progra Calculate Evan's AGI...
1.)
2.)
3.)
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $70,600 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles анау) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2.910 1,510 1, 355 Calculate Evan's...
This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,840 1,440 1,320 Calculate Evan's AGI and taxable income...
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