Question: 14. During 2019, Ellen Evans was granted a divorce from her spouse. The divorce decree stipulated that Ellen must pay both alimony and child
14. During 2019, Ellen Evans was granted a divorce from her spouse. The divorce decree stipulated that Ellen must pay both alimony and child support for a specified period of time. For 2021, Ellen reports data as listed below. Salary income Interest income (bank accounts) Interest income (municipal bonds) $70,000 5,000 1,000 Alimony paid to former spouse by Ellen 10,000 Child support paid to former spouse by Ellen What is the amount of Ellen's 2021 adjusted gross income? 5,000 ABCD $75,000 65,000 66,000 76,000 E None of the above
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