Question: A married couple reported the following items for the current year: Salaries $95,000 Dividends $1,000 Interest income on savings account $500 Loss from rental real

A married couple reported the following items for the current year:

  • Salaries $95,000
  • Dividends $1,000
  • Interest income on savings account $500
  • Loss from rental real estate ($2,000)

Both spouses actively participate in the rental real estate activities. What is the taxpayers adjusted gross income on a joint return for the year?

Group of answer choices

$95,000

$96,500

$98,500

$94,500

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