john has wages of $100,000 and income from loss from the following activities $1

John AGI; $100000 + $10000 – $8000 – $20000 – $5000 = $77000

ID: 2452174 • Letter: J

Question

john has wages of $100,000 and income from loss from the following activities

$10,000 income from acvtiviy A which he spends 800 hours during the year

$8000 loss from activity B which he spends 200 hours which is more than anyone else

$20,000 loss from activity C which is rental of an apartment building and he actively participating

$5000 loss from Activity D which is the rental of equiptment which he is an active participant

$3000 loss from passive activity E which was sold during the year

what is John's AGI?

John AGI;

$100000 + $10000 – $8000 – $20000 – $5000 = $77000

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