Al is single, age 60, and has gross income of $140,000.His deductible expenses are as follows: $$\begin{array} { l r }
\text { Alimony(divorce finalized in 2017) } & \$ 20,000 \
\text { Charitable contributions } & 4,000 \
\text { Contribution to a traditional IRA } & 5,500 \
\text { Expenses paid on rental property } & 7,500 \
\text { Interest on home mortgage and property taxes on personal residence } & 7,200 \
\text { State income tax } & 2,200
\end{array}$$ What is Al's AGI?

Question

Al is single, age 60, and has gross income of $140,000.His deductible expenses are as follows: $$\begin{array} { l r } 
\text { Alimony(divorce finalized in 2017) } & \$ 20,000 \
\text { Charitable contributions } & 4,000 \
\text { Contribution to a traditional IRA } & 5,500 \
\text { Expenses paid on rental property } & 7,500 \
\text { Interest on home mortgage and property taxes on personal residence } & 7,200 \
\text { State income tax } & 2,200
\end{array}$$ What is Al's AGI?

Quizplus · Accepted Answer

The Answer of Al is single, age 60, and has gross income of $140,000.His deductible expenses are as follows: $$\begin{array} { l r } 
\text { Alimony(divorce finalized in 2017) } & \$ 20,000 \
\text { Charitable contributions } & 4,000 \
\text { Contribution to a traditional IRA } & 5,500 \
\text { Expenses paid on rental property } & 7,500 \
\text { Interest on home mortgage and property taxes on personal residence } & 7,200 \
\text { State income tax } & 2,200
\end{array}$$ What is Al's AGI?

Al Is Single, Age 60, and Has Gross Income of $140,000.His