Abe, who is single, retired from his job this year. He received a salary of $26,000 for the portion of the year that he worked, tax-exempt interest of $2,800, and dividends from domestic corporations of $3,700. On October 1, he began receiving monthly pension payments of $1,200 and Social Security payments of $500. Assume an exclusion ratio of 40% for the pension. Abe owns a duplex that he rents to others. He received rent of $15,000 and incurred $17,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job. Requirement Compute Abe's adjusted gross income. Gross income Minus: Deductions for Adjusted gross income Adjusted gross income