Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses. Determine Bettys AGI. You may assume that Betty will owe $2,502 in self-employment tax on her salon income.

Interest income $ 11,255

Salon sales and revenue 86,360

Salaries paid to beauticians 45,250

Beauty salon supplies 23,400

Alimony paid to her ex-husband, Rocky 10,000

Rental revenue from apartment building 32,220

Depreciation on apartment building 12,900

Real estate taxes paid on apartment building 11,100

Real estate taxes paid on personal residence 6,241

Contributions to charity 4,237