Calculate evan taxable income

Reference no: EM131763566

Question: This year Evan graduated from college, and took a job as a deliveryman in the city. Evan was paid a salary of $68,500 and he received $700 in hourly pay for part-time work over the weekends. Evan summarized his expenses below.

Cost of moving his possessions to the city (125 miles away) $ 1,200

Interest paid on accumulated student loans 2,300

Cost of purchasing a delivery uniform 1,400

Contribution to State University deliveryman program 1,300

a. Calculate Evan's AGI. Assume that interest payments were initially required on Evan's student loans this year.

b. Calculate Evan's taxable income if he files single with one personal exemption. Assume that interest payments were initially required on Evan's student loans this year.

Reference no: EM131763566

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