Question: Comprehensive Problem 6-51 (LO 6-1, LO 6-2, LO 6-3) This year Evan graduated from college and took a job as a deliveryman in the city.

Comprehensive Problem 6-51 (LO 6-1, LO 6-2, LO 6-3) This year Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $73,000 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below: Cost of moving his possessions to the city (125 miles away) Interest paid on accumulated student loans Cost of purchasing a delivery uniform Contribution to State University deliveryman program $1,200 2,990 1,590 1,395 Calculate Evan's AGI and taxable income if he files single. Assume that interest payments were initially required on Evan's student loans this year Answer is complete but not entirely correct Evan's AGI $ 70,500 $ 60,150 Taxable income
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
