Mr. and Mrs. Nelson operate a small business as a sole proprietorship. This year, they have the following tax information. Net profit from sole proprietorship$50,000 Deduction for SE tax$3,533 Dividends$900 Net income from rental property$2,780 Loss from limited partnership$(6,000)Compute Mr. and Mrs. Nelson's AGI.
A. $50,900
B. $50,147
C. $47,367
D. None of the above
Answer: C
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