Question: Jordan ( single , age 3 0 ) , a real estate broker ( self - employed ) , had the following income and expenses:

Jordan (single, age 30), a real estate broker (self-employed), had the following income and expenses:
Commission income
Health insurance premium paid for his staff
Office staff salary
Medical insurance premium paid for himself
Office rental expense
Unreimbursed medical expenses paid for himself
Which of the following statement is correct?
Jordan will report $110,000 as his business income (from Schedule C) and his AGI is $95,870.
Jordan will report $100,000 as his business income (from Schedule C) and his AGI is 93,000.
Jordan will report $100,000 as his business income (from Schedule C) and his AGI is $85,935.
Jordan ( single , age 3 0 ) , a real estate

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