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Bo and Dan Brady's income last year was: net income from
business, $35,838.67; dividends, $2,312.98; interest, $3,517.45;
rental income, $2,672. Adjustments to income totaled $4,628.83.
Find their adjusted gross income.

Bo and Dan Bradys income last year was net income from business 3583867 dividends 231298 interest 351745 rental income 2672 Adjustments to income totaled 462883 class=

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The adjusted gross income is the value of an individual's earning after deducting adjustment amount from overall gross. Hence, Bo and Dan Brady's adjusted gross income is $39,712.27

Total income earned is the sum of the following :

  • Net income from business = $35,838.67
  • Dividend = $2,312.98
  • Interest earned = $3,517.4
  • Rental income = $2672

The total amount reuzed last year :

  • Net income + Dividend + Interest + Rental income

  • $(35838.67 + 2312.98 + 3517.45 + 2672) = $44341.1

The adjusted gross income can be calculated thus :

  • Adjusted gross = Total earning - adjustment

  • Adjusted gross income = $(44341.1 - 4628.83) = $39,712.27

Therefore, the adjusted gross income of Bo and Dan Brady's income last year = $39,712.27

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