For the current year, David has wages of $80,000 and the following property transactions: Stock investment sales
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Question:
For the current year, David has wages of $80,000 and the following property transactions:
Stock investment sales
Long-term capital gain………………………………….…………………………............…$9,000
Short-term capital loss…………………………………….....………………………..........(12,000)
Loss on sale of camper (purchased 4 years ago and used for family vacations)………(2,000)
What is David’s AGI for the current year?
a. $76,000.
b. $77,000.
c. $78,000.
d. $89,000.
e. None of these.
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
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