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! Required information [The following information applies to the questions displayed below.] Betty operates a beauty salon as a sole proprietorship. Betty also owns and

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! Required information [The following information applies to the questions displayed below.] Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the following income and expenses. You may assume that Betty will owe $2,630 in self-employment tax on her salon income, with $1,315 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016. Interest income Salon sales and revenue Salaries paid to beauticians Beauty salon supplies Alimony paid to her ex-husband, Rocky Rental revenue from apartment building Depreciation on apartment building Real estate taxes paid on apartment building Real estate taxes paid on personal residence Contributions to charity $ 15,130 88,860 46,600 23,650 7,250 35,720 14,150 12,100 6,966 5,062 a. Determine Betty's AGI. (Amounts to be deducted should be indicated by a minus sign.) Interest income Salon revenue Less: Salaries paid to beauticians Less: Beauty salon supplies Operating income from salon Apartment building revenue Apartment building income AGI $

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