Brie Larson owns her own sole proprietorship called C'est Cheese. During the year, because C'est Cheese reported net income of $52,416, Brie Larson owes $7,406 in self-employment taxes. During the year, she also earned $32,870 of wages, and made a $5,000 contribution to a traditional IRA. She also paid mortgage interest of $3,122, and paid property taxes of $2,521 during the year. Assuming she has no other items to report on her income tax return, her correct Deductions for AGI is 5000