Amir, who is single, retired from his job this year. He received a salary of $25,000 for the portion of the year that he worked, taz-exempt interest of $3,000, and dividends from domestic corporations of $2.700. On September 1, he began monthly pension payments of $1,000 and Social Security payments of $600. Assume an exclusion ratio of 40% for the pension. Amir owns a duplexthat he rents to others. He received rent of $12,000 and incurred $17,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job.
Compute Amir's adjusted gross income.
Compute Amir's adjusted gross income.
