Question: Please I need the answer to this question 41. Teri Frazier owned three businesses and rental properties in 2020. During the year, her hair salon

 Please I need the answer to this question 41. Teri Frazier
Please I need the answer to this question

41. Teri Frazier owned three businesses and rental properties in 2020. During the year, her hair salon business experienced a $32,000 net loss. She participated 200 hours in the hair salon business. All of the salon's employees worked more than 600 hours for 2020. Her second business was a coin-operated laundry. She did not participate over 100 hours in the laundry operation. It had a net loss of $14,500. The third business was a flower shop, which had net income of $45,000 for 2020. She participated well over 1,000 hours in the flower shop business. None of the activities was located within one-half mile of each other. She also received dividends of $12,000 from her IBM stock, and interest of $14,000 from her AT&T bonds. In addition, Frazier had a net loss of $18,000 from her real estate rentals (where she was an active participant). Compute her adjusted gross income. e

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