Kaylee is a self-employed investment counselor who also owns a rental property. This year, she collected $85,000 in fees and paid the following expenses: $$\begin{array} { l r }
\text { Health insurance premiums (not through an exchange) } & \$ 4,200 \
\text { Life insurance premiums (whole life) } & 1,900 \
\text { Books on investing } & 200 \
\text { Repairs of the rental property } & 450 \
\text { Advertising for investment clients } & 1,770 \
\text { State income taxes } & 4,300 \
\text { Self employment tax (1/2 is employer share) } & 12,704
\end{array}$$ Kaylee files single with one personal exemption. Calculate her adjusted gross income.

Question

Kaylee is a self-employed investment counselor who also owns a rental property. This year, she collected $85,000 in fees and paid the following expenses: $$\begin{array} { l r } 
\text { Health insurance premiums (not through an exchange) } & \$ 4,200 \
\text { Life insurance premiums (whole life) } & 1,900 \
\text { Books on investing } & 200 \
\text { Repairs of the rental property } & 450 \
\text { Advertising for investment clients } & 1,770 \
\text { State income taxes } & 4,300 \
\text { Self employment tax (1/2 is employer share) } & 12,704
\end{array}$$ Kaylee files single with one personal exemption. Calculate her adjusted gross income.

Quizplus · Accepted Answer

The Answer of Kaylee is a self-employed investment counselor who also owns a rental property. This year, she collected $85,000 in fees and paid the following expenses: $$\begin{array} { l r } 
\text { Health insurance premiums (not through an exchange) } & \$ 4,200 \
\text { Life insurance premiums (whole life) } & 1,900 \
\text { Books on investing } & 200 \
\text { Repairs of the rental property } & 450 \
\text { Advertising for investment clients } & 1,770 \
\text { State income taxes } & 4,300 \
\text { Self employment tax (1/2 is employer share) } & 12,704
\end{array}$$ Kaylee files single with one personal exemption. Calculate her adjusted gross income.

Kaylee Is a Self-Employed Investment Counselor Who Also Owns a Rental