Discussion
June 10, 2021
Psy 3 – Nursing Experts Help
June 10, 2021

PART I: Bob Parker has the following items of income for 2017. Based on these items, please calculate Bob’s adjusted gross income (AGI). In addition, cite your reference to substantiate your rationale for each item.

Wages from employer

55,000

Interest from municipal bonds

1,250

Dividend income from ABC stock

750

Capital loss from stock transactions

5,000

Interest from savings account

500

Amount received as life insurance beneficiary

25,000

Trip awarded to Bob for meeting sales quota

5,000

Contributed to IRA

2,500

Alimony paid

12,000

Early withdrawal penalty on savings account

50

Loss due to damage on personal vehicle

1,000

Requirements
Clearly identify the requirements being addressed.
PART 2: Show all calculations within the cells of an MS Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well; no hard coding of solutions. Submit a single MS Excel file for grading.
 
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