This year Jack intends to file a married joint return. Jack received $167,500 of salary and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012.

a. What is Jack’s adjusted gross income?
b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership. What AGI would Jack report under these circumstances?