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Abe, who is single, retired from his job this year. He received a salary of $22,000 for the portion of the year that he worked, tax-exempt interest of $3,400, and dividends from domestic corporations of $3,500. On September 1, he began receiving monthly pension payments of $800 and Social Security payments of $900. Assume an exclusion ratio of 40% for the pension. Abe owns a duplex that he rents to others. He received rent of $19,000 and incurred $22,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job. Requirement Compute Abe's adjusted gross income. 22000 Salary 3500 Dividend income Pension income (taxable portion) Rental income 19000 Social security income (taxable portion) Gross income Minus: Deductions for Adjusted gross income Rental expenses 1220003 Choose from any list or enter any number in the input fields and then click Check Answer. Abe, who is single, retired from his job this year. He received a salary of $22,000 for the portion of the year that he worked, tax-exempt interest of $3,400, and dividends from domestic corporations of $3,500. On September 1, he began receiving monthly pension payments of $800 and Social Security payments of $900. Assume an exclusion ratio of 40% for the pension. Abe owns a duplex that he rents to others. He received rent of $19,000 and incurred $22,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job. Requirement Compute Abe's adjusted gross income. Dividend income 3500 Pension income (taxable portion) Rental income 19000 Social security income (taxable portion) Gross income Minus: Deductions for Adjusted gross income Rental expenses (22000) Adjusted gross income Choose from any list or enter any number in the input fields and then click Check