Jeremy and Alyssa Johnson have been married for five years and do not have any...
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Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has one child from the prior marriage. He is self-employed and operates his own computer repair store. For the first two months of the year, Alyssa worked for Office Depot as an employee. In March, Alyssa accepted a new job with Super Toys Incorporated (ST), where she worked for the remainder of the year. This year, the Johnsons received $272,000 of gross income. Determine the Johnson's AGI or 2023 given the following information: a. Expenses associated with Jeremy's store include $44,250 in salary (and employment taxes) to employees, $50,100 of supplies, and $19,700 in rent and other administrative expenses. b. As a salesperson, Alyssa incurred $2,170 in travel expenses related to her employment that were not reimbursed by her employer. c. The Johnsons own a piece of raw land held as an investment. They paid $670 of real property taxes on the property and they incurred $285 of expenses in travel costs to see the property and to evaluate other similar potential investment properties. d. The Johnsons own a rental home. They incurred $8,670 of expenses associated with the property. e. Jeremy paid $4,670 for health insurance coverage for himself (not through an exchange). Alyssa was covered by health plans provided by her employer, but Jeremy is not eligible for the plan until next year. f. Jeremy paid $2,670 in self-employment taxes ( $1,335 represents the employer portion of the self-employment taxes). g. Jeremy paid $5,340 in alimony and $3,255 in child support from his prior marriage (divorce decree executed in 2018). h. The Johnsons donated $2,170 to their favorite charity
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