Problem 6-15 points lason (age 66) & Kylie lage 39) were married in December 2016. They live in Burlingame They had the following transactions during 201: Kylie moved from Chicago to San Francisco to marry Jason. She spent $14,000 in shipping her goods from Chicago to San Francisco. She drove across country to her new home and spent $770 on gas, $1,200 on accomadation and $385 on food during the trip lason had self employment income from his sole proprietorship 40,000 Kylie had salary income from her job as a teacher 45,000 Jason had interest income from US Treasury bonds lason had interest income from San Francisco city bonds lason had social security income of 12,000 200,000 21,000 ufe insurance proceeds (they cashed in Jasons life insurance pollicy for $60,000. They had originally paid $25,000 in premiums) 12,000 Received life insurance proceeds from the death of Kylie's uncle Gave money to Hilary Clinton election campaign Kylie Received workers comp for a work related accident ,000 They had the following expenses: Kylie had unreimbursed business expenses of Medical insurance paid by Jason (for them both) of Cosmetic surgery costs for Jason of California income taxes (2,600) (8,000) 44,000) (11,500) As a dentist, Jason made the following trips in the year: Two-day seminar on developing a dental practice Two-day seminar on financial planning Two week break in France, Portugal, and Spain improving his language skills 1,500 1,500 2,500 Jason developed severe arthritis and was unable to climb the stairs to reach his second-floor bedroom. His physician advised him to add a first floor bedroom to his home. The cost of constructing the room was $60,000. The increase in the value of the residence as a result of the room addition was determined to be $14,000. In addition, he paid the contractor $6,000 to construct an entrance ramp to his home and $8,000 to widen the hallways to accommodate his wheelchair. The construction of the entrance ramp and the widening of the hallways were estimated to increase the value of the home by $5,000 How much is their adjusted gross income for the year? How much is their taxable income for the year? B