Question: In 2016, Archer, a single individual, moved from Minneapolis to Phoenix to start a new job with InnoTech, which began February 1, 2016. Archer worked

In 2016, Archer, a single individual, moved from Minneapolis to Phoenix to start a new job with InnoTech, which began February 1, 2016. Archer worked for Inno- Tech until November 15, 2016, when Archer accepted a job offer from InnoTech's Phoenix rival MegaTech. The following 2016 facts apply to Archer:

Considering only the above facts, what is Archer's 2016 adjusted gross income?
a. $70,475
b. $70,650
c. $72,150
d. $75,000

Income Expenses incurred during $75,000 Minneapolis-Phoenix 1,000 Moving truck rental 1,000 Packing and unloading costs paid to moving company 1,500 Loss on sale of Minneapolis home move: 750 Lodging 250 Meals 100 Storage costs in Phoenix prior to move-in to new home

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