Computing AGI:

During 2019, Paul, a 40-year-old singe taxpayer, who is a professor at BMCC, reports the following items to his tax-preparer:

• Salary 150,000
• Dividends from Alta Corporation 1,200
• Interest income from a savings account at Chase Bank 150
• Rental income from an apartment he owns 24,000
• Expenses incurred with the rental apartment 25,000
• Net Long-Term capital losses 5,000
• Alimony payments to former wife (divorced July 21, 2018) 18,000
• Student loan interest of 1,200
• Contributions to his Traditional IRA, 5,800
• Educator expenses of 300
• Gambling winnings 4,500
• Gambling losses 500
• Child support payments of 24,000
• Interest earned on Series EE Bonds 1,000

Instructions: Compute Pauls Adjusted Gross Income