Question ID: $1615823$

Sharon and Oliver are a married couple filing jointly, with one dependent child. For the $2024$ tax year, they have these items relevant to their income tax situation:

Wages$$100,000$Sole proprietorship net income$$10,000$Alimony paid to Oliver's former spouse$$18,000$Child support paid$$12,000$IRA contribution$$7,000$Self$-$employment tax liability$$1,413$Net capital loss$$4,200$Child tax credit$$2,000$Unreimbursed medical expenses$$17,000$

Oliver's divorce decree was finalized in $2015.$ Neither spouse is an active participant in a company$-$maintained retirement plan. What is the amount of the couple's adjusted gross income $($AGI$)?$

Question ID: $1615823$

Sharon and Oliver are a married couple filing jointly, with one dependent child. For the $2024$ tax year, they have these items relevant to their income tax situation:

Wages$$100,000$Sole proprietorship net income$$10,000$Alimony paid to Oliver's former spouse$$18,000$Child support paid$$12,000$IRA contribution$$7,000$Self$-$employment tax liability$$1,413$Net capital loss$$4,200$Child tax credit$$2,000$Unreimbursed medical expenses$$17,000$

Oliver's divorce decree was finalized in $2015.$ Neither spouse is an active participant in a company$-$maintained retirement plan. What is the amount of the couple's adjusted gross income $($AGI$)?$

A$)$

$$83,500$

B$)$

$$70,500$

C$)$

$$81,293$

D$)$

$$82,500$