TOmmy and Tina Bench live at 230 Main Street, Platteville, WI 53818, and their Social Security numbers are 233-43-4523 and 342-22-3476, respectively. Tommy was born on April 15,1968 and Tian was born on April 15, 1975. They have one child, Tony, who is eight years old. Tony's Social Security number is 456-34-6578. Dick's salary from a night guard job and income tax withholding for the year are as follows:

Wages $62,000

Interest earned on savings account 1,600

Federal income tax withheld 7,100

State income tax withheld 2,000

Tommy contributed $6,200 to his IRA account.

Tina operates a restaurant Istanbul Cafe. Revenue and expenses for the year are presented below:

Revenue $125,000

Beginning inventory of merchandise inventory 2,500

Ending inventory of merchandise inventory 3,000

Merchandise supplied purchased 52000

Wages 18,500

Utilities 1,500

Rent expenses 7,800

Advertisement expenses 2,000

Payroll taxes 1,780

Subcontractor 4,200

Depreciation 4,000

Other expenses 500

TOmmy and Tina own a house in Platteville that they rent to students for $1,500 per month. They incur the following expenses for the year:

Real estate taxes $4,000

Mortgage interest 76,200

Repairs 600

Depreciation 3,000

They have a house in Platteville, and they had the following expenses (they owe $270,000 loan on it):

Mortgage interest paid $13,500

Property tax paid on home 7,200

The Benches have a $33,000 long-term capital loss carryover from their prior tax year.

1. What is the total of adjustment to income? (dont forget to deduct 50% of self-employment tax)
2. What is AGI?
3. What is the total of itemized deductions (Schedule A)?
4. What is the taxable income?