All tax calculations should be based on the 2020 Tax Rate Schedules. Figures should be rounded to the nearest dollar. Percentages should be rounded to the nearest whole percentage (e.g., 32% instead of 32.2%)

Passive activities. Theodora owns three rental properties, all of which she treats as separate activities for the passive activity rules. During the year, she spends 30 hours managing each property and no other person spends more time. She has no suspended losses from prior years. One of the properties generates a loss of $89,000 this year. Another one generates a $17,000 profit and the third generates a $29,000 profit. In addition, Theodora earns a salary of $313,000 this year working full time as lawyer. She has no other income or "for AGI" deductions. What is Theodora's adjusted gross income (AGI)?