In 2016, Archer, a single individual, moved from Minneapolis to Phoenix to start a new job with

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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:
Income Expenses incurred during $75,000 Minneapolis-Phoenix 1,000 Moving truck rental 1,000 Packing and unloading costs

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

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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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