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ACC-460-0500 Homework: Topic 3 Score: 6 of 12 pts 3 of 7 (7 complete) PI:5-53 (similar to) During 2019, Gordon receives a $40,000 salary and

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ACC-460-0500 Homework: Topic 3 Score: 6 of 12 pts 3 of 7 (7 complete) PI:5-53 (similar to) During 2019, Gordon receives a $40,000 salary and has no deductions for AGI. In 2018, Gordon had a $4,000 STCL and no other capital losses or capital gains. Consider the following sales. (Click the icon to view the sales.) Requirement Determine Gordon's AGI for 2019. (Assume that the 2018 STCL of $4,000 is before Gordon has taken any capital loss deduction in 2018. Complete all input fields. Enter a "0" for any zero-balances.) 2019 40,000 Salary Net short-term capital gain (loss) Net long-term capital gain (loss) More Info Total AGI An automobile purchased in 2014 for $21,600 and held for personal use is sold for $12,000. On April 10, 2019, stock held for investment is sold for $23,000. The stock was acquired on November 20, 2018, for $16,000. Print Done

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