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Find the Adjusted gross income (AGI) for 2017 with the following details (include depreciation using MARC 3.45%): Please Show Work -Filing Status - Married Filing

Find the Adjusted gross income (AGI) for 2017 with the following details (include depreciation using MARC 3.45%): Please Show Work

-Filing Status - Married Filing Jointly

-Both Over 65 years of age

-4 Dependents

Group Life Insurance

$50,0000

Social Security

$15,000

Prize

$3,000

Workers Comp

$2,000

Other winnings from court case

$5,000

Rent

$1,200 ($100 a month for a year)

Rental Property

$50,000

Expense for Rental Property

Water-$50, taxes-$500, routine maintence-$200

Saving Account

$100

Investment

$50,000

Nonqualified Dividends@5

$10,0000

City of Mars Bonds

$1,500

Telephone Split 2:1

100 Shares FMV of $1,000 @ 5

200 Shares FMV of $2,000

Contribution to charity

$1,090

Personal credit card amount

$950

Real Estate taxes

$2,000

Salary

$75,000

Withholdings

$10,000

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