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What is tony adjusted gross income

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Tony, age 60, is divorced. He earned $80,000 at his job where he is not an active participant in a retirement plan. Tony had the following:

$4,000 contribution to a traditional IRA

$8,000 cash contribution to his church

$18,000 paid in mortgage interest on his home

$7,000 paid in real property tax

$16,000 paid for medical expenses

$4,000 was withheld from his salary for state income taxes

Question 1: What is Tony's adjusted gross income (AGI)?

Reference no: EM132568613

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