Greg Jacobs teaches history at Checotah High School His sala
Greg Jacobs teaches history at Checotah High School. His salary from his employer is $65,000. He spent $750 on classroom supplies this year .
 He is also a folk singer. He earned $10,000 profit from his folk singing.
 What is Mr. Jacob\'s AGI?
Solution
AGI means adjusted gross income
AGI for Jacob = salary + earning from self employment - spent on classroom
=$65000 + $10000 - $750
= $67500

