Using the tax formula calculate the taxpayer's AGI. (5 POINTS) Wages Self-employed business income Real estate...

 

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Using the tax formula calculate the taxpayer's AGI. (5 POINTS) Wages Self-employed business income Real estate taxes paid (residence) Parking ticket paid for business % self-employment tax Gambling income Scratch off lotto ticket winning Cash option taken from cafeteria plan Gambling losses Hobby income Supplies for self-employed business Office expense for self-employed business $80,000 $ 25,000 $ 6,500 $ 200 $1,300 $5000 $ 100 $1,000 $7,000 $ 2,500 $ 700 $8,000 Sub-contractors for self-employed business. $10,000 Using the tax formula calculate the taxpayer's AGI. (5 POINTS) Wages Self-employed business income Real estate taxes paid (residence) Parking ticket paid for business % self-employment tax Gambling income Scratch off lotto ticket winning Cash option taken from cafeteria plan Gambling losses Hobby income Supplies for self-employed business Office expense for self-employed business $80,000 $ 25,000 $ 6,500 $ 200 $1,300 $5000 $ 100 $1,000 $7,000 $ 2,500 $ 700 $8,000 Sub-contractors for self-employed business. $10,000

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