Question: This year Diane intends to file a married-joint return. Diane received $190,300 of salary and paid $9,900 of interest on loans used to pay qualified

This year Diane intends to file a married-joint return. Diane received $190,300 of salary and paid $9,900 of interest on loans used to pay qualified tuition costs for her dependent daughter, Deb. This year Diane has also paid moving expenses of $4,900 and $29,700 of alimony to her ex-spouse, Jack, who she divorced in 2013.

a. What is Diane's adjusted gross income?

b. Suppose that Diane also reported income of $13,050 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income. What AGI would Diane report under these circumstances?

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