Pete and his wife live in a home with their 13-year-old dependent son. This year, they had the following tax information. Pete's salary Wife's income as an independent contractor LT capital gains Deduction for % of self-employment tax State and local taxes Charitable Contributions Compute their adjusted gross income (AGI). $ 60,000 95,000 2,800 6,712 9,200 3,500

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter10: Deductions And Losses: Certain Itemized Deductions
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Pete and his wife live in a home with their 13-year-old dependent son. This year, they had the following tax information.
Pete's salary
Wife's income as an independent contractor
LT capital gains
Deduction for % of self-employment tax
State and local taxes
Charitable Contributions
Compute their adjusted gross income (AGI).
#107 000
$ 60,000
95,000
2,800
6,712
9,200
3,500
Transcribed Image Text:Pete and his wife live in a home with their 13-year-old dependent son. This year, they had the following tax information. Pete's salary Wife's income as an independent contractor LT capital gains Deduction for % of self-employment tax State and local taxes Charitable Contributions Compute their adjusted gross income (AGI). #107 000 $ 60,000 95,000 2,800 6,712 9,200 3,500
Deduction for % of self-employment tax
State and local taxes
Charitable Contributions
Compute their adjusted gross income (AGI).
O $157,800
O $148,288
O $164,512
O $151,088
6,712
9,200
3,500
Transcribed Image Text:Deduction for % of self-employment tax State and local taxes Charitable Contributions Compute their adjusted gross income (AGI). O $157,800 O $148,288 O $164,512 O $151,088 6,712 9,200 3,500
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