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20 March, 23:22

Cassandra is a recent college graduate. She got a job as a sports team manager making $82,000 a year and she will have to move across country for the new job. Her moving expenses are $7500. She has also started paying back her student loans and this year will pay back $1386 in student loan interest. What is Cassandra's Adjusted Gross Income (AGI) ?

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  1. 20 March, 23:31
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    The Adjusted Gross Income (AGI) is calculated by subtracting from the reported income the amount that is lost throughout year as reported.

    AGI = $82,000 - ($7,500 + $1,386)

    AGI = $73,114
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