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)?
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
