Ryan, a single, self-employed investment counselor who also owns a rental property. This year, she collected $85,000 in fees and paid the following business and personal expenses

Expenses below:

Health insurance premiums (not through an exchange) $4,200

Life insurance premiums (whole life) $1,900

Books on investing $200

Repairs of the rental property $450

Advertising for investment clients $1,770

State income taxes $4,300

Self-employment tax (hint: half is employer share) $11,732

Marketing Lunch and Dinners with potential clients $500

Home mortgage interest (acquisition debt of $300,000) $16,640

Real estate taxes $5,400

State income taxes paid $6,300

Medical expenses (unreimbursed) $1,800

Employee business expenses (unreimbursed) $450

Charitable contributions (cash to their church) $760

a. Calculate Ryan's adjusted gross income. Show your work.

b.Calculate Ryan taxable income. Show your work