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Colt1911 [192]
3 years ago
14

Lupe rented her personal residence for 13 days to summer vacationers for $3,800.

Business
1 answer:
Advocard [28]3 years ago
7 0

Answer:

$95,000.

Explanation:

Adjusted gross income(AGI) is the income that is calculated after deducting all the line deduction items that are included in form 1040. It is used to calculate the net income tax due.

The rental income earned by Lupe's on her personal residence amounting to $3,800 shall not be included for the purpose of calculating AGI and therefore all the expenses mentioned in the question regarding the Lupe's personal residence shall not be considered for calculating AGI and hence the Lupe's AGI will be $95,000.

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