10 free CPA practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CPA Practice Test 5Tutor mode
Question 1 of 10
Federal Taxation of Individuals
Celia Cole, a single self-employed consultant, reported Schedule C net profit of $60,000 and self-employment tax of $8,478 for the current year. She paid $6,000 of health insurance premiums for herself (she was not eligible for any employer plan), contributed $5,000 to a traditional IRA (within the limit; she is not an active participant in any retirement plan), paid $9,000 of qualified mortgage interest and gave $1,500 cash to charity. What is the total of her adjustments to arrive at AGI?