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22.) Bruce, who is single, had the following items for the current year: salary of $90,000, a gain of $30,000 on the sale of section
22.) Bruce, who is single, had the following items for the current year: salary of $90,000, a gain of $30,000 on the sale of section 1244 stock acquired two years earlier, a loss of $75,000 on the sale of section 1244 stock acquired three years earlier, worthless stock of $7,000 that was acquired on February 1 of the prior year and became worthless on January 15 of the current year. Determine Bruce's AGI for the current year.
A.) $47,000.
B.) $38,000.
C.) $37,000.
D.) $42,000.
E.) None of the above.
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