1. Jenna is single and had $95,000 of wages and interest income in total for the tax year. She also had the following additional activities for the year:
   • She paid $6,000 in medical insurance premiums
   • She has a house she rents out for $20,000 for the entire year but her rental expenses for the house were $25,000.
   • She had $10,000 of mortgage interest on her primary residence

A) Determine her forAGI deductions for this year (if any). B) Determine her AGI. C) Determine the amount of itemized deductions she could choose to take for this year (if any). D) If the standard deduction she could claim for the year is $12,000, will she itemize or take the standard deduction? (on the exam, I would give you the standard deduction schedule to print in advance and you would determine by filing status what standardized deduction to compare with)

E) Assume a 25% tax rate for ordinary taxable income (ahead of the exam, I will give you the Appendix C tax rate schedule file to print for use on the exam, to select from). In addition, assume AMT does not apply, and she has no tax credits. Her employer withheld $15,000 in tax for her for the tax year. How much did she owe in tax (receive in refund) for the tax year?