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Adjusted Gross Income. Amir, who is single, retired from his job this year.
Adjusted Gross Income. Amir, who is single, retired from his job this year. He received asalary of $25,000 for the portion of the year that he worked, tax-exempt interest of$3,000, and dividends from domestic corporations of $2,700. On September 1, he beganreceiving monthly pension payments of $1,000 and Social Security payments of $600.Assume an exclusion ratio of 40% for the pension. Amir owns a duplex that he rents toothers. He received rent of $12,000 and incurred $17,000 of expenses related to theduplex. He continued to actively manage the property after he retired from his job.Compute Amir’s adjusted gross income.