In 20X13 Archer, a single individual, moved from Minneapolis to Pheonix to start a new job with InnoTech, which began 1 February 20X13. Archer worked for InnoTech until 15 November 20X13, when Archer accepted a job offer from InnoTech's Phoenix rival MegaTech. The following 20X13 facts apply to Archer:
Income $75,000
Expenses incurred during
Minneapolis- Phoenix
Move: 1,000 Moving truck rental
1,000 Packing and unloading costs paid to moving company
1,500 Loss on sale of Minneapolis home
750 Lodging
250 Meals
100 Storage costs in Phoenix prior to move-in to new home
Considering only the above facts, what is Archer's 20X13 adjusted gross income?
a. $70,475
b. $70,625
c. $72,150