George Washburn had earnings from his salary of $32,000,interest on savings of $200,a contribution to a traditional individual retirement account of $1,200,and dividends from mutual funds of $125.George's adjusted gross income would be:

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George's adjusted gross income (AGI) is calculated by starting with his total income and then subtracting specific deductions. His total income includes his salary ($32,000), interest on savings ($200), and dividends from mutual funds ($125), totaling $32,325. The contribution to a traditional IRA ($1,200) is deductible, so subtracting this from the total income gives an AGI of $31,125.

George Washburn Had Earnings from His Salary of $32,000,interest on Savings