Kaylee is a self-employed investment counselor who also owns a rental property. this year, she collected $85,300 in fees and paid the following expenses:

health insurance premiums (not through an exchange) $4,230
life insurance premiums (whole life) 1,930
books on investing 230
repairs of the rental property 480
advertising for investment clients 1,800
state income taxes 4,330
self employment tax (1/2 is employer share) 12,734

kaylee files single with one personal exemption. calculate her adjusted gross income.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.