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Yesterday, 23:32

Kevin, while calculating his tax adjustments, notes that he can make adjustments of $3,435 for contributions to his retirement plan, $3,393 for business losses, and $1,128 for business expenses. If Kevin's gross income is $45,942, what is his adjusted gross income?

a. $53,898

b. $40,242

c. $41,421

d. $37,986

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  1. Yesterday, 23:52
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    Gross income is An individual's total personal income, before accounting for taxes or deductions. so the adjusted gross income can be calculated using

    AGI = GI - D

    Where AGI is the adjusted gross income

    GI is the gross income

    D are the deductions

    AGI = 45942 - (3435 + 3393 + 1128)

    AGI = $ 37,896
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