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Alexa owns a condominlum near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: During the year, Alexa

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Alexa owns a condominlum near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: 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 $24,000 in gross rental recelpts, answer the following questions: Note: Leave no answer blank, Enter zero if applicable. Required: a. What effect does the rental activity have on her AG for the year? b. Assuming that Alexa's AGl from other sources is $90,000, what effect does the rental activity have on Alexa's AGi? Alexa makes all decisions wath respect to the property c. Assuming that Alexa's AGl from other sources is $120,000, what effect does the rental activity have on Alexa's AGl? Alexa makes all decisions with respect to the property. d. Assume that Alexa's AGi from other sources is $200,000. Thls consists of $135,000 solary, $14,000 of dividends, $31,000 of longterm capital gain, and net rental income from another rental property in the amount of $20,000. What effect does the Cocoa Beach condo rental activity have on Alexa's ACl? Alexa owns a condominlum near Cocoa Beach in Florida. In 2022, she incurs the following expenses in connection with her condo: 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 $24,000 in gross rental recelpts, answer the following questions: Note: Leave no answer blank, Enter zero if applicable. Required: a. What effect does the rental activity have on her AG for the year? b. Assuming that Alexa's AGl from other sources is $90,000, what effect does the rental activity have on Alexa's AGi? Alexa makes all decisions wath respect to the property c. Assuming that Alexa's AGl from other sources is $120,000, what effect does the rental activity have on Alexa's AGl? Alexa makes all decisions with respect to the property. d. Assume that Alexa's AGi from other sources is $200,000. Thls consists of $135,000 solary, $14,000 of dividends, $31,000 of longterm capital gain, and net rental income from another rental property in the amount of $20,000. What effect does the Cocoa Beach condo rental activity have on Alexa's ACl

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