This Year, in 2019, Tiffanie Files as a Single Taxpayer

question 84

Essay

This year, in 2019, Tiffanie files as a single taxpayer.Tiffanie received $67,700 of salary and paid $3,200 of qualified educational interest.This year, she paid moving expenses of $2,200 and received $9,800 of alimony (she got divorced in 2015).What is Tiffanie's AGI?

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Definitions:

Direct Labor-Hours

The overall hours logged by employees actively involved in the manufacture of a product or the rendering of a service.

Labor Efficiency Variance

A measure used in budgeting and accounting to evaluate the difference between the actual hours worked and the standard hours expected to complete a task.

Direct Materials Purchases Variance

The difference between the actual cost of direct materials purchased and the expected (or standard) cost, used in budgeting and cost management.

Variable Overhead

The overhead costs that fluctuate with the level of production or business activity, such as utilities or materials consumed in production.