Business, 20.03.2020 02:56, anthonygeorge7

Jim is a single, self-employed individual who owns his own business. During 2018, Jim reported $ 240 comma 000 gross income and $ 45 comma 000 of business expenses. He also paid $ 34 comma 000 in alimony to his former spouse, $ 4 comma 100 mortgage interest on his personal home, $ 7 comma 500 for health insurance premiums, and $ 900 for medicine and doctors. Ignoring any self-employment tax on the business income, what is Jim's AGI?

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Jim is a single, self-employed individual who owns his own business. During 2018, Jim reported $ 240...