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Homework Answers
Solution:
From year 2018, MAGI phaseout limit for student loan is ($135000 - $165000):
since nothing is mentioned about year, therefore year 2018 has been considered:
| Salary and gross income | 179,900 | |
| Less: Moving expenses | 0 | |
| Alimony Paid | - 32,700 | |
| Modified AGI | 147,200 | |
| Student loan interest deduction | - 1484 | =2500-(2500/30,000)* (147,200-135,000) |
| Jack's AGI | 145,716 |
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Required information (The following information applies to the questions displayed below.] This year Jack intends to...
Required information [The following information applies to the questions displayed below.) This year Jack intends to...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends to...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends t...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends to...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married-joint return. Jack received $172,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information [The following information applies to the questions displayed below) This year Jack intends to...
Required information [The following information applies to the questions displayed below) This year Jack intends to file a married-joint return. Jack received $180,600 of salary, and paid $9,250 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,050 and $33,000 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information [The following information applies to the questions displayed below.] This year Jack intends to...
Required information [The following information applies to the questions displayed below.] This year Jack intends to file a married-joint return. Jack received $172,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information The following information applies to the questions displayed below.) This year Jack intends to...
Required information The following information applies to the questions displayed below.) This year Jack intends to file a married joint return, Jack received $180,000 of salary, and paid $6,450 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,750 and $34,500 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)...
Required information The following information applies to the questions displayed below) This year Jack intends to...
Required information The following information applies to the questions displayed below) This year Jack intends to file a married-joint return. Jack received $180,000 of salary, and paid $6.450 of Interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,750 and $34,500 of alimony to his ex-wife, Diane, who divorced him in 2012 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) b....
R: Required information [The following information applies to the questions displayed below.) This year Jack intends...
R: Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married-joint return. Jack received $178,460 of salary and paid $7,850 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $8,350 and $30,600 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)...
This year Jack intends to file a married-joint return. Jack received $172,800 of salary and paid...
This year Jack intends to file a married-joint return. Jack
received $172,800 of salary and paid $9,500 of interest on loans
used to pay qualified tuition costs for his dependent daughter,
Deb. This year Jack has also paid moving expenses of $8,700 and
$28,600 of alimony to his ex-wife, Diane, who divorced him in
2012.
Required Information [The following Information applies to the questions displayed below.) This year Jack Intends to file a married-joint return. Jack received $172.800 of salary...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married- joint return. Jack received $179,900 of salary, and paid $8,750 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $6,050 and $32,700 of alimony to his ex- wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar...
Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married-joint return. Jack received $172,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information [The following information applies to the questions displayed below) This year Jack intends to file a married-joint return. Jack received $180,600 of salary, and paid $9,250 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,050 and $33,000 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information [The following information applies to the questions displayed below.] This year Jack intends to file a married-joint return. Jack received $172,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) a....
Required information The following information applies to the questions displayed below.) This year Jack intends to file a married joint return, Jack received $180,000 of salary, and paid $6,450 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,750 and $34,500 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)...
Required information The following information applies to the questions displayed below) This year Jack intends to file a married-joint return. Jack received $180,000 of salary, and paid $6.450 of Interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $5,750 and $34,500 of alimony to his ex-wife, Diane, who divorced him in 2012 (Round your intermediate calculations and final answer to the nearest whole dollar amount.) b....
R: Required information [The following information applies to the questions displayed below.) This year Jack intends to file a married-joint return. Jack received $178,460 of salary and paid $7,850 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $8,350 and $30,600 of alimony to his ex-wife, Diane, who divorced him in 2012. (Round your intermediate calculations and final answer to the nearest whole dollar amount.)...
This year Jack intends to file a married-joint return. Jack
received $172,800 of salary and paid $9,500 of interest on loans
used to pay qualified tuition costs for his dependent daughter,
Deb. This year Jack has also paid moving expenses of $8,700 and
$28,600 of alimony to his ex-wife, Diane, who divorced him in
2012.
Required Information [The following Information applies to the questions displayed below.) This year Jack Intends to file a married-joint return. Jack received $172.800 of salary...
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