Gus, who is married and files a joint return, owns a grocery store. In 2016, his gross sales were $276,000, and his operating expens were $320,000. Other items on his 2016 return were as follows: Nonbusiness capital gains (short-term) $20,000 Nonbusiness capital losses (long-term) 9,000 Itemized deductions (no casualty or theft) Ordinary nonbusiness income Salary from part-time job 10,000 During 2014, Gus had no taxable income. In 2015, Gus had a taxable income of $21.100, computed as follows: Net business income Interest income Adjusted gross income $62,000 Less: Itemized deductions Charitable contributions of $40,000, limited to 50% of AGI Medical expenses limited to excess of 10% of AGI (S8.100 S6.200) $1.900 Total itemized deductions (32,900) Less: Personal exemptions (2 x $4,000) Taxable income $21 100 1f an amount is zero, enter "o". if required, use the minus sign to indicate a loss. a. Compute Gus's taxable income or loss for 2016. 2016 Net business income/loss from grocery store 44,000 V 10,000 v Net short-term capital gain 11 000 Adjusted gross income/loss