Question: * * * * * 1 . If Sarah's wages increase to $ 9 , 0 0 0 and James's wages decrease to $ 5

*****
1.If Sarah's wages increase to $9,000 and James's wages decrease to $58,000, and their Interest Income increases to $1,500, what is their new AGI if all other values remain constant?
2.
What is the AGI if Sarah's wages decrease to $70,000, James's wages increase to $67,000, and their Dividend Income increases to $200, with all other values remaining constant?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!