Question: * * * * 1 . If Sarah's wages decrease to $ 7 5 , 0 0 0 , James's wages decrease to $ 5

****
1. If Sarah's wages decrease to $75,000, James's wages decrease to $50,000, and their Medical Expenses increase to $8,000, what is their new AGI if all other values remain the same?
2.
What is the AGI if Sarah's wages increase to $82,000, James's wages increase to $72,000, and their State and Local Taxes decrease to $10,000, 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!