# Gabriel, an accountant, earns $360,000 from his practice. He also receives$9,100 in dividends and interest from various portfolio investments. During the year, he pays $85,000 to acquire a 15% interest in a partnership that produces a$120,000 loss. In addition, he has a $12,000 passive income from other sources. Compute Gabriel's AGI, assuming that: a. He does not participate in the operations of the partnership. In this case, Gabriel's AGI is$. b.  He is a material participant in the operations of the partnership. In this case, Gabriel's AGI is $. Question Gabriel, an accountant, earns$360,000 from his practice. He also receives $9,100 in dividends and interest from various portfolio investments. During the year, he pays$85,000 to acquire a 15% interest in a partnership that produces a $120,000 loss. In addition, he has a$12,000 passive income from other sources. Compute Gabriel's AGI, assuming that:

a.  He does not participate in the operations of the partnership.

In this case, Gabriel's AGI is $. b. He is a material participant in the operations of the partnership. In this case, Gabriel's AGI is$.