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Filing for the year 2022, Cindy, a real estate broker, had the following income and expenses in her business (her filing status is head of

Filing for the year 2022,

Cindy, a real estate broker, had the following income and expenses in her business (her filing status is head of household):

Commissions income $180,000

And she also incurred the following expenses during the tax year:

Referral fees paid to non-brokers for referrals (illegal under state law and subject to criminal penalties)

40,000

Property tax on the office

5,500

Office supplies

3,000

Alimony payment to her ex-husband

7,200

Mortgage interest paid on her residence

6,500

Legal expenses related to her business

20,000

Office staff salaries

40,000

Medical insurance premium paid for herself and her dependents

5,000

Fees paid to Broker Association

7,000

Political contribution to support her party

3,000

Parking tickets received when she was meeting with her clients

500

Unreimbursed medical expenses for herself and her dependents

2,000

How much net income will be reported from this business (on Schedule C)?

What is her AGI?

How much is the total itemized deduction reported on her Sch. A?

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