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Alexa owns a condominium near Cocoa Beach in Florida, In 2021, she incurs the following expenses in connection with her condo: Insurance $ 3,050 Mortgage

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Alexa owns a condominium near Cocoa Beach in Florida, In 2021, she incurs the following expenses in connection with her condo: Insurance $ 3,050 Mortgage Interest 8,075 Property taxes 2,840 Repairs maintenance 1,925 Utilities 4,600 Depreciation 17,125 During the year, Alexa rented out the condo for 100 days. She did not use the condo at all for personal purposes during the year Alexa's AGI from all sources other than the rental property is $200,000. Unless otherwise specified, Alexa has no sources of passive income. Assuming Alexa receives $24.200 in gross rental receipts, answer the following questions (Leave no answer blank. Enter zero if applicable.) a. What effect does the rental activity have on her AGI for the year? AGI b. Assuming that Alexa's AGI from other sources is $90,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property AGI C. Assuming that Alexa's AGI from other sources is $120,000, what effect does the rental activity have on Alexa's AGI? Alexa makes all decisions with respect to the property AGI

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