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Yael is single, age 23, and has gross income of $82,000, of which $60,000 is salary and $22,000 is rental income. Her deductible expenses are
Yael is single, age 23, and has gross income of $82,000, of which $60,000 is salary and $22,000 is rental income. Her deductible expenses are as follows: Chaitable contributions $2,000 Contributions to a traditional IRA 5,000 Expenses paid on rental property 8,000 Interest on home mortgage and property taxes on personal residence 5,200 State income tax 3,000 What is Yael's AGI? a. $77,000 b. $82,000 c. None of the choices shown are correct. d. $69,000 e. $55,000
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