Calculate adjusted gross income for Primrose Palmer based on the following information.

Label each item as Not Included (NI), Gross Income (GI), Deduction for Adjusted Gross Income (DAGI). Calculate Adjusted Gross Income, show all of your work.

Salary $200,000

Bonus $50,000

Contribution to individual retirement account $1,000

Gift from mother Patti $100,000

Interest on City of Miami bond $10,000

Alimony paid $20,000.

The divorce was signed in 2012 Sole proprietorship income $70,000

Treasury bill interest $10,000

Rental loss $30,000

Contribution to health savings account $2,000

Nike dividends $20,000

Capital loss $60,000

Workmans compensation $10,000

Legal settlement from fall in Macys $60,000

Penalty from early withdrawal from timed savings account $1,000

Educator expenses $400.

None of the expenses were for personal protective equipment.

Primrose was the beneficiary of her late great grandfather Pauls life insurance policy $100,000

Partnership income $10,000

Interest from Citigroup bank account $5,000

Self employment tax paid $6,000

Primrose found a ring worth $5,000 on the beach.

Primrose won $10,000 in a baking contest

Primrose won $20,000 at the Preakness Horse Race

Primroses sister Petunia repaid a $30,000 loan from 2018

Primrose inherited $200,000 from her great grandmother Prudence.