Find her adjusted gross income for the year

Reference no: EM13199213

Edna Kropp's gross income for a year included salary, $12,400; commission, $27,750; interest, $440. Her adjustments to income were payments to a retirement plan, $2,000, and a penalty for withdrawing savings early from a time-deposit account, $126.

a. What was her gross income for the year?

b. Find her adjusted gross income for the year.

Reference no: EM13199213

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