In: Accounting
Salary | $187,750.00 | |
Interest income | $230.00 | |
Municiple Bond interest | $450.00 | |
Treasure bond Interest | $675.00 | |
Dividends | $1,885.00 | |
Short-Term Capital Gain (SBUX STOCK) | $0.00 | |
Short-Term Capital Gain (AMZN STOCK) | -$4,350.00 | |
Short-Term Capital Gain (UA Stock) | $26.45 | |
Long-term Capital Gain (AAPL STOCK) | $3,000.00 | |
Daycare cost for child #1 | $10,000.00 | |
Dentist fees (unreimbursed by insurance) | $10,500.00 | |
Prescription cost(reimbursed by insurance) |
$1,380.00 | |
Mortgage Interest | $13,478.00 | |
Property Taxes Paid | $4,144.00 | |
Vehicle registration fee | $1,250.00 | |
Fee faid to CPA | $2,000.00 | |
Gym Membership | $600.00 | |
401K contributions | $23,980.00 | |
Employer match | $17,985.00 | |
Healthcare savings account contribution | $2,600.00 | |
Red Cross Donation | $1,000.00 | |
Food bank Donation | $2,500.00 | |
Church donation | $3,750.00 | |
donation to goodwil | $450.00 |
Please Calculate Gross Income and Adjusted gross income
Gross income
Income from salary $ 187,750.00
Interest 230.00
Treasure bond interest 675.00
Dividend 1,885.00
Long term capital gain 3,000.00
Short term capital gain (UA Stock) 26.45
----------------------
Gross income $193,566.45
Adjusted gross income
Salary | 187,750.00 | ||
Interest income | 230.00 | ||
Muncipal bond interest |
450.00 |
||
Treasure bond interest | 675.00 | ||
Dividend | 1885.00 | ||
Capital gain | -1323.55 | ||
Long term capital gain AAPL Stock | 3,000.00 | ||
Short term capital gain : | |||
SBUX Stock | 0 | ||
AMZN stock | -4350 | ||
UA Stock | 26.45 | ||
Total income | 189,666.45 | ||
Less Expenses : | |||
Day care cost for child | 10000.00 | ||
Dentist fees | 10500.00 | ||
Prescription cost | 1380.00 | ||
Property tax paid | 4144.00 | ||
Vehicle registration fee | 1250.00 | ||
Fee paid to CPA | 2,000.00 | ||
Gym membership | 600.00 | ||
401 K membership | 23,980.00 | ||
health care savings account contribution | 2,600.00 | ||
Red cross donation | 1,000.00 | ||
Food bank donation | 2,500.00 | ||
Church donation | 3,750.00 | ||
Total expense | 63,704 | ||
Adjusted gross income | 1,25,962.45 |