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Danon, who is single, had the following items for the current year: Salary of $ 9 0 , 0 0 0 . Gain of $

Danon, who is single, had the following items for the current year:
Salary of $90,000.
Gain of $30,000 on the sale of 1244 stock acquired two years earlier.
Loss of $100,000 on the sale of 1244 stock acquired three years earlier.
Worthless stock of $10,000. The stock was acquired on February 1 of the prior year and became worthless on January 15 of the current year.
Danon's AGI for the current year would be:
a. $47,000.
b. $42,000.
c. $38,000.
d. $37,000.
e. $10,000.

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