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Connor is not married and supports Connor's 12 year old child who lives with Connor and has gross income of $2,650 (the child's gross income).

Connor is not married and supports Connor's 12 year old child who lives with Connor and has gross income of $2,650 (the child's gross income). Connor works as a self-employed realtor and earned commissions of $146,000 during 2019. Connors business expenses were $18,900 and the only other income was interest of $7,300. Connors other information follows:

Contribution to solo(k) retirement plan $ 5,500

Loss on sale of Alphatech stock held 2 years -3,200

Mortgage interest on primary residence 6,950

State and local property tax on residence 4,350

Property tax included in personal auto registration 960

State sales taxes paid 370

State income taxes paid 3,800

Charitable contributions of cash 3,350

Political contributions 550

All information is for 2019.

Calculate Connor's adjusted gross income and taxable income. Show your work!

AGI = $____________ Taxable Income = $____________

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