Question
Lana earns $135,000 per year as a mid-level manager. She also has some income from investment property. She has $1,000 of interest and $2,000 of
Lana earns $135,000 per year as a mid-level manager. She also has some income from investment property. She has $1,000 of interest and $2,000 of dividend income. She has $3,000 of pass through income from a limited partnership interest she owns. Finally, she has a loss of $10,000 from an apartment building she owns. Although she does hire part-time help with the apartment building, she makes all management decisions for the building. Lana's adjusted gross income for the year is _____________
(Topic 8)
Question options:
| $131,000 |
| $141,000 |
| $138,000 |
| $132,000 |
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