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

Short Answer

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: $$\begin{array} { | l | r | } \hline \text { Insurance } & \$ 1,250 \\\hline \text { Mortgage interest } & 7,000 \\\hline \text { Property taxes } & 2,100 \\\hline \text { Repairs and maintenance } & 800 \\\hline \text { Utilities } & 2,300 \\\hline \text { Depreciation } & 9,000 \\\hline\end{array}$$ Kaylee files single with one personal exemption. Calculate her adjusted gross income.