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Jordan (single, age 30), a real estate broker (self-employed), had the following income and expenses: Commission income 180,000 Medical insurance premium paid for his staff

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Jordan (single, age 30), a real estate broker (self-employed), had the following income and expenses: Commission income 180,000 Medical insurance premium paid for his staff 10,000 Office staff salary 40,000 expense Medical insurance premium paid for himself 7,000 Office rental expense 30,000 Unreimbursed medical expenses paid for himself 5,000 Which of the following statement is correct? A. Jordan will report $93,000 as his business income (from Schedule C) and his AGI is $88,000. B. Jordan will report $100,000 as his business income (from Schedule C) and his 'AGI is 93,000. C. Jordan will report $110,000 as his business income (from Schedule C) and his AGI is $95,870. D. Jordan will report $100,000 as his business income (from Schedule C) and his AGI is $80,935. E. Jordan will report $100,000 as his business income (from Schedule C) and his AGI is $85,935

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