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

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

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