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Linda Davis is a divorced parent who maintains a home for a 13 year old daughter. Linda earns $65,000 per year from her job. She has itemized deductions of $14,000. She also pays $1,500 in student loan
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Linda Davis is a divorced parent who maintains a home for a 13 year old daughter. Linda earns $65,000 per year from her job. She has itemized deductions of $14,000. She also pays $1,500 in student loan interest from a college loan. What is Linda's Adjusted Gross Income (AGI)

User Rachida
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1 Answer

13 votes

Answer:

$63,500

Step-by-step explanation:

Calculation for What is Linda's Adjusted Gross Income (AGI)

Wages $65,000

Less Student Loan Interest ($1,500)

Adjusted Gross Income $63,500

($65,000-$1,500)

Therefore Linda's Adjusted Gross Income (AGI) will be $63,500

User PankajSays
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