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1. Jose, single, had the following items for 2018: Salary $44,000 $ 1244 loss on stock acquired 3 years ago (70,000) $ 1244 gain on

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1. Jose, single, had the following items for 2018: Salary $44,000 $ 1244 loss on stock acquired 3 years ago (70,000) $ 1244 gain on stock acquired 10 months ago 26,000 Worthless security purchased in June of last year (4,000) Nonbusiness bad debt (7,000) Interest income 8,000 Compute Jose's adjusted gross income for 2018

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