Question: David is a college professor who does some consulting work on the side. He uses 2 5 % of his home exclusively for the consulting
David is a college professor who does some consulting work on the side. He uses of his home exclusively for the consulting practice. He is single and years old. His AGI without consideration of consulting income is $ Other information follows:
Income from consulting business$ Consulting expenses other than home officeTotal costs relating to home:Interest and taxesUtilitiesMaintenance and repairsDepreciation business part only
Required:
Calculate Davids AGI.
Note: Do not round intermediate calculations.
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