McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 23

This year Jack intends to file a married-joint return with two dependents.Jack received $157,500 of salary, and paid $5,000 of interest on loans used to pay qualified tuition costs for his dependent daughter, Deb.This year Jack has also paid qualified moving expenses of $4,300 and $24,000 of alimony.
a.What is Jack's adjusted gross income Assume that Jack will opt to treat tax items in a manner to minimize his AGI.
b.Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership.What AGI would Jack report under these circumstances Again, assume that Jack will opt to treat tax items in a manner to minimize his AGI.