Question: 7 . Charitable Contributions: Emma donates $ 1 , 0 0 0 to a qualified charity. Can charitable contributions be deducted above the line? Calculate

7. Charitable Contributions: Emma donates $1,000 to a qualified charity. Can charitable contributions be deducted "above the line"? Calculate Emma's Adjusted Gross Income.
8. Self-Employment Income and Retirement Contributions: Alex has self-employment income of $40,000 and contributes $5,000 to a solo 401(k) retirement plan. Is self-employment income part of Gross Income, and can the retirement contributions be deducted "above the line"?Determine Alex's Adjusted Gross Income.

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