QUESTION 34 Kathy and Annise are a married couple who file jointly. In the current year they have net ordinary income of $10,000 from a partnership interest in which they do not materially participate. They also have a net loss of $30,000 from a rent house in which they actively participate Their adjusted gross income (AGI) exclusive of these investments is $120,000 What is their AGI after taking into account these investments? $105,000 $125,000 I $120,000 $100,000 25 points QUESTION 35