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1. Labol each item as Gross Income, (GI), Not Included, (NI) or Deductions for Adjusted Gross Income, (DAGI), and calculate adjusted gross Income for Noelle

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1. Labol each item as Gross Income, (GI), Not Included, (NI) or Deductions for Adjusted Gross Income, (DAGI), and calculate adjusted gross Income for Noelle Nelson. (50 Points) a. A gift from her mother Nia, $30,000 b. Noelle has a sole proprietorship, candy shop. The net income is $120,000 c. Salary $100,000 d. Bonus $40,000 e. Capital loss $20,000 f. Contribution to individual retirement account, $1,000 9. Child support received, $30,000 h. Alimony received $50,000. The divorce was signed on January 15, 2018. 1. Noele won $20,000 in a national bowling toumament. 1. Noelle received $20,000 from a legal settlement for a dog bite on her leg. k. Student loan interest paid $1,000. 1. Noelle's sister, Natasha, gave her $40,000, in repayment of a $35,000 loan from 2017 m. Workman's compensation $30,000 n. Unemployment compensation $40,000 o. Interest from a City of Nashville Bond, $7,000 p. Treasury bill interest $10,000 9. Interest from CitiGroup Account $5,000 r. Penalty for early withdrawal from timed savings account $1,000 S. Noelle found a bracelet worth $3,000 on the beach. t. Self Employment tax paid $4.000 u. S Corporation loss $50,000 V. Contribution to health savings account for $1,500. w. Noelle won $1,000, in a Soccer Pool. x. Noelle inherited $300,000 from her great Uncle Norbert y. Educator expenses $1.000 z. Rental income $20,000. aa. Dividends, $40,000 bb. Partnership loss $30.000

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