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AICPA CPA-Regulation Exam - Topic 2 Question 28 Discussion

Posted by Evangelina on May 04, 2022 at 02:58 PM

In the current year Jensen had the following items:

What is Jensen's AGI for the current year?

Suggested Answer: B

Choice 'b' is correct. The question asks for AGI, but all of the items in the list are items of potential gross income. There are no adjustments included in the list; therefore, in this case, AGI is the same as gross income. The calculation is as follows:

Choices 'a', 'c', and 'd' are incorrect, per the above calculation.


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8 comments · newest first
DO
Dorsey 11 months ago
AGI should be $44,000 based on the info given!
FA
Fabiola 12 months ago
Wait, how did you all get those numbers? Seems off.
GI
Gilma 12 months ago
I'm pretty sure it's $59,000, looks right to me!
AF
Afton 12 months ago
I think it's $62,000 after adjustments.
GL
Glory 1 year ago
Jensen's total income was $84,000 before deductions.
GO
Golda 1 year ago
I'm a bit unsure about this one. I'll need to review the information on GitHub Enterprise security features.
AL
Allene 1 year ago
This question seems pretty straightforward, but I want to double-check my understanding. Let me re-read the information in the image and the answer choices one more time to make sure I'm not missing anything.
SH
Shantell 1 year ago
Hmm, I'm not sure about that. Wouldn't it be easier to just set up a connector in Microsoft Teams? That way we can control the notifications right from the Teams interface.
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