F's share of income from various sources is as follows for the current year: F's A.G.I, (ignoring the deduction for one-half of any self-employment tax) is how much?
A)$89,000
B)$156,000
C)$86,000
D)$56,000

Question

F's share of income from various sources is as follows for the current year:  F's A.G.I, (ignoring the deduction for one-half of any self-employment tax) is how much?
A)$89,000 
B)$156,000 
C)$86,000 
D)$56,000

Quizplus · Accepted Answer

Since F's A.G.I is calculated by adding up income from all sources and then subtracting deductible expenses, we need to add up all of F's income from various sources: 
- Wages: $50,000 
- Business income: $25,000 
- Capital gain: $5,000 
- Rental income: $6,000 
- Dividend income: $0 
Total income: $86,000 
Since there is no information provided about any deductible expenses, we assume there are none. Therefore, F's A.G.I is $86,000.

F's Share of Income from Various Sources Is as Follows