Any deduction for self-employment tax

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Reference no: EM131222769

Doug is a self-employed plumber of Doug’s Plumbing service, his sole proprietorship. In the current year, Doug’s Plumbing had revenue of $120,000 and $40,000 of business expenses. Doug also received $2,000 of interest income from corporate bonds. What is Doug’s adjusted gross income assuming he had no other income or expenses (ignore any deduction for self-employment tax)?

Reference no: EM131222769

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