Al is single, age 60, and has gross income of $140,000. His deductible expenses are as follows:

Medical Deductions, $2,500

Charitable contributions 4,000

Contribution to a traditional IRA 5,500

Expenses paid on rental property 7,500

Interest on home mortgage and property taxes on personal residence 7,200

State income tax 2,200

What is Als AGI?

$94,100.

$103,000.

$107,000.

$127,000.