Summary Problem: Tommy,a single taxpayer with no dependents,has the following items that may affect his taxable income.What is his adjusted gross income? 
Definitions:
Supplemental Cash Flows
These are disclosures in financial reporting that provide additional information about a company's cash flow activities that are not included in the standard cash flow statement.
Cash Paid
The actual outflow of cash from a company to settle obligations or acquire goods and services.
Current Liabilities
short-term financial obligations that are due within one year or within the normal business cycle.
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