Adjusted gross income

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Kris, age 49, is unmarried, Her daughter, Katherine, age 26, is a graduate student at Kansas University. Kris paid for 80% of the cost of Katherine's schooling in 2016, including tuition of $20,000. Katherine earned $5,000 as a graduate assistant at KU. Kris has income from wages of 97,000, and is NOT covered by a retirerment plan at her work. She will make the maximum allowed deductible IRA Contribution by April 15, 2017. Kris takes the standard deduction. What is Kris's Adjusted Gross Income (AGI)? Income Tax Accounting

Reference no: EM131244282

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