QUESTION 10 In 2020, Shelly had net earnings from her business of $160,000 The following items relate to her 2020 taxes: SEP retirement contribution - $5,000 Health insurance premiums paid - $12,000 If Shelly had no other income or expense items, her adjusted gross income in 2020 would be: QUESTION 11 Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and two days sightseeing. His expenses are $600 (airfare), $200 per day (meals in local restaurants), and $300 per night (lodging). Fred's deductible expenses (assume this is tax year 2021) are