Question

Lydia made $56,750 last year. She paid $1200 in student loan interest and made a $3000 contribution to her IRA. On her federal tax return, she will claim $4200 to be the amount of her _____. A.standard deduction B.AGI C.taxable income D.adjustments

Answer 1

adjustments

Explanation:

Answer 2

The correct answer that would complete the given statement above would be option D. ADJUSTMENTS. Lydia made $56,750 last year. She paid $1200 in student loan interest and made a $3000 contribution to her IRA. On her federal tax return, she will claim $4200 to be the amount of her ADJUSTMENTS. Hope this answer helps.