Question

Cassandra is a recent college graduate. She got a job as a sports team manager making $82,000 a year and she will have to move across country for the new job. Her moving expenses are $7500. She has also started paying back her student loans and this year will pay back $1386 in student loan interest. What is Cassandra's Adjusted Gross Income (AGI)?

Answer 1

$73,114

Step-by-step explanation:

APEX:))

Answer 2

The Adjusted Gross Income (AGI) is calculated by subtracting from the reported income the amount that is lost throughout year as reported.
AGI = $82,000 - ($7,500 + $1,386)
AGI = $73,114