For tax year 2023, is $185,000 the correct adjusted gross income for a taxpayer earning $200,000 in wages and other income listed?

The correct answer is that $185,000 is not the appropriate adjusted gross income (AGI) for a taxpayer earning $200,000 in wages and other income without considering the specifics of deductions or adjustments.

Adjusted Gross Income (AGI) is calculated as your total income minus specific deductions known as adjustments to income. If the taxpayer's total income for the year is $200,000 from wages and other sources, their AGI begins with that figure. However, adjustments such as student loan interest deduction, IRA contributions, or other allowable deductions must be subtracted to arrive at the AGI.

If the taxpayer has no deductions or additional adjustments to income, then their AGI would remain at the full amount of $200,000. If there are deductions, they would represent amounts that reduce the total income to achieve the AGI.

Thus, without more information about potential deductions or adjustments applicable to this individual, the figure of $185,000 does not accurately reflect the proper AGI based on the income stated. The AGI could vary significantly depending on the deductions the taxpayer qualifies for, making this answer more nuanced than simply determining a yes or no response initially suggested.