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0.62 points Required information Problem 6-31 (LO 6-1) (Static) [The following information applies to the questions displayed below.] eBook Hint Print References Rocco operates
0.62 points Required information Problem 6-31 (LO 6-1) (Static) [The following information applies to the questions displayed below.] eBook Hint Print References Rocco operates a beauty salon as a sole proprietorship. Rocco also owns and cents an apartment building. In 2022, Rocco had the following income and expenses. You may assume that Rocco will owe $2,502 in self- employment tax on his salon income, with $1,251 representing the employer portion of the self-employment tax. You may also assume that his divorce from Svetlana was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies $ 11,255 86,360 45,250 23,400 Alimony paid to his ex-wife, Svetlana 6,000 Rental revenue fron apartment building. 31,220 Depreciation on apartment building 12,900 Real estate taxes paid on apartment building. 11,100. Real estate taxes paid on personal residence Contributions to charity 6,241 4,237 Problem 6-31 Part-a (Static) a. Determine Rocco's AGI. Note: Amounts to be deducted should be indicated by a minus sign.
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