Alex is a local guitarist t Chapter 5 In-Cla 14. Amy earns an income of $50,000 following amounts during the year Uareimbursed moving expense afher sbe was transferred: $5,0oSO Hobby der. Fiese Alimony paid to her ex-usband: $10,000 TMedical Expenses: $6,000 What is Amy's Adiasted Gross Incosse(AG? 5000) a. $29,000 b. $34,000 $35,000 d. $45,000 SOOO 15. Alex earns an income of $60,000 this year as a sole proprietor. He pays the fol owing amounts the year: douring Contribution to Roth IRA: $5,000 to 0,000 Health Insur mentra 9,000 otor. u500 Health Insurance Premiums: $3,000 What is Alex's Adjusted Gross Incoms (AGI)? 7,500 $52,000 c. $51,000 d. $52,500 CAIO 16. ACIDC Corporation owns a building purchased in 2016 that it uses in its operations. The corporation paid $70,000 for the building and has taken $3,600 in depreciation. During the year, a tornado occurs and partially destroys the building. The fair market value of the building before the tormado was $200,00 the value of the building afterwards is $120,000. They are reimbursed by insurance for $25,000. much can AC/DC-Corporation deduct as a casualty loss? 30000 200000 $41,400 b. $55,000 c. $70,000 d. $80,000