adjusted gross income
admir, who is single, retired from his job this year. he received a salary of $25,000 for the portion of the year that he worked, tax-exempt interest of $3,000, and dividends from domestic corporations of $2,700. on september 1, he began receiving monthly pension payments of $1,000 and social security payments of $600. assume an exclusion ratio of 40% for the pension. admir owns a duplex that he rents to others. he received rent of $12,000 and incurred $17,000 of expenses related to the duplex. he continued to actively manage the property after he retired from his job. compute amir's adjusted gross income.
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