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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1. Austin, a single individual with a salary of $100,000, incurred and paid the following expenses during the year: Medical expenses $5,000 Alimony 24,000 Charitable contributions 2,000 Casualty loss on business property 8,000 Casualty loss on rental property 5,000 Personal casualty gains 3,000 Personal casualty losses (after $100 floor) 12,000 Nonbusiness bad debt 6,000 Mortgage interest on personal residence 4,500 Property taxes on personal residence 4,200 Moving expenses 2,500 Contribution to a traditional IRA 4,000 State income taxes 1,300 Unreimbursed employee expenses 2,500 Investment income 6,000 Investment expenses 8,000 a. Calculate Austin's AGI.
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