Question: Eric and Chrissy file a joint tax return. During the year, they had to relocate from Dallas to Houston because of Chrissy's job as a
Eric and Chrissy file a joint tax return. During the year, they had to relocate from Dallas to Houston because of Chrissy's job as a financial planner. Eric is a self-employed electrician. They had the following items of income and expenses: Chrissy's wages of $100,000 Moving expenses reimbursed by Chrissy's employer of $1,500 Eric's self-employment (Schedule C) income of $50,000 Eric's personal health insurance premiums totaling $6,500 (he is eligible to participate in Chrissy's employer provided health insurance plan, but it is cheaper to buy his own insurance) Unreimbursed travel expenses for Eric to travel to his monthly National Guard training of $450 (he travels 125 miles each way) [all are under the federal per diem rates] Ignoring any issues related to self-employment tax, what is their AGI from these transactions?
$144,550
$151,500
$152,550
$151,050
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