Question: Comprehensive Problem 6-61 (LO 6-1, LO 6-2, LO 6-3) (Algo) This year (2023), Evan graduated from college and took a job as a deliveryman in
Comprehensive Problem 6-61 (LO 6-1, LO 6-2, LO 6-3) (Algo)
This year (2023), Evan graduated from college and took a job as a deliveryman in the city. Evan was paid a salary of $80,900 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses as follows:
| Cost of moving his possessions to the city (125 miles away) | $ 1,200 |
|---|---|
| Interest paid on accumulated student loans | 3,040 |
| Cost of purchasing a delivery uniform | 1,640 |
| Contribution to State University deliveryman program | 1,420 |
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.
| Evans AGI | |
| Taxable Income |
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