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Compute Teri Adjusted income

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Problem - Teri owned 3 businesses and rental properties. Her hair salon(participated 200 hours) had a 32000 net loss. All of the employees of the salon worked more than 600 hours.

Also owned a coin laundry and did not participate over 100 hours. It had a net loss of 14500.

She also had a flower shop with net income of 45000 and participated over 1000 hours.

None of the businesses was located within half mile of each other.

She got dividends of 12000 from IBM stock, and interest of 14000 from her AT &T bonds.

She had a net loss of 18000 from her real estate rentals where she was a active participant.

Required - Compute Teri Adjusted income.

Reference no: EM132454857

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