Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year. 
Interest income $12,960 
Salon sales and revenue 87,460 
Salaries paid to beauticians 45,820 
Beauty salon supplies 23,510 
Alimony paid to her ex-husband, Rocky 6,550 
Rental revenue from apartment building 33,200 
Depreciation on apartment building 13,450 
Real estate taxes paid on apartment building 11,540 
Real estate taxes paid on personal residence 6,560 
Contributions to charity 4,600
Required:
Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year. 
Interest income $12,960 
Salon sales and revenue 87,460 
Salaries paid to beauticians 45,820 
Beauty salon supplies 23,510 
Alimony paid to her ex-husband, Rocky 6,550 
Rental revenue from apartment building 33,200 
Depreciation on apartment building 13,450 
Real estate taxes paid on apartment building 11,540 
Real estate taxes paid on personal residence 6,560 
Contributions to charity 4,600
Required:
Determine the Betty's AGI value.Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. In 2020, Betty had the following income and expenses. You may assume that Betty will owe $2,562 in self-employment tax on her salon income, with $1,281 representing the employer portion of the self-employment tax. You may also assume that her divorce from Rocky was finalized in 2016 and that Betty itemizes her deductions this year. 
Interest income $12,960 
Salon sales and revenue 87,460 
Salaries paid to beauticians 45,820 
Beauty salon supplies 23,510 
Alimony paid to her ex-husband, Rocky 6,550 
Rental revenue from apartment building 33,200 
Depreciation on apartment building 13,450 
Real estate taxes paid on apartment building 11,540 
Real estate taxes paid on personal residence 6,560 
Contributions to charity 4,600
Required:
Determine the Betty's AGI value
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