1. Theresa and Oliver, married filing jointly, and both over 65 years of age, have no dependents. Their 2021 income tax factsare: (2 points)

Theresas wages	$65,000
Olivers wages	33,000
Long-term capital gain	56,000
Long-term capital loss?	(51,000)

What is their AGI for 2021?

2. Carol had the following transactions during 2021: a painting held for two years and sold at a gain of $125,000 100 shares of Gray stock held sixteen months and sold for a loss of $8,000 50 shares of Yellow stock held 18 months and sold for a loss of $146,000. Carol also had $264,000 of taxable income from other sources than these property transactions. What is Carols AGI for 2021? (3 Points)