Amir who is single, retired from his job this year. He received a salary of $25,000 for
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Question:
Amir 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 $2.200, and dividends from domestic corporations of $2,600. On August 1, he began receiving monthly pension payments of $1,200 and Social Security payments of $500. Assume an exclusion ratio of 40% for the pension. Amir owns a duplex that he rents to others. He received rent of $14,000 and incurred $19,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job
Requirement
Compute Amir's adjusted gross income
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