Question: A taxpayer needs help identifying and understanding their AGI for the tax year of 2020. Filing status: single Their total income consists of the following:

A taxpayer needs help identifying and understanding their AGI for the tax year of 2020.

Filing status: single

Their total income consists of the following:

Wages $20,000

Capital Gains $5,000

Pension Income $5,000

The taxpayer-paid alimony in the amount of $5,000 for a divorce decree dated 2017, $5,500 of student loan interest, and $3,000 for child care.

Is this the AGI?

$22,500

Is this the AGI?

$16,500

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