Julie hadded 110.000 Y 1 Hewleme for Year $55.000 Year 2, Married 37,000 for the sale How much Julia portis Year for the rain 13.000 . 110,000 12. Mas madad where there formed for et p. During the year here, and there we 300.000 Coolpad 4.000 Ger 514.000 Uncle esivable 16.000 What is Mantas meyer bad del pension for . 1.000 & 35.000 Mashed shows Shresthemed for there and other Grow Con good 534.000 314,000 Uncle 5.000 What Mabad become for sport 13.000 1. John files a retum as a single taxpayer. In 2018, he had the following items: Salary of $40,000 Loss of $65,000 on the sale of 1244 stock acquired two years ago Interest income of $6,000. Determine John's AGI for 2018 a(55,000) b. 50 c. 45.000 d. $$1,000 e. None of the above 70. Norm's car, which he uses 100% for personal purpose, was completely destroyed in an accident in 2018. The car's adjusted basis at the time of the accident was $13,000. Its fair market value was $10,000. The car was covered by a $2,000 deductible insurance policy. Norm did not file a claim against the insurance policy because of a fear that reporting the socident would result in a substantial increase in his insurance rates. His adjusted gross income was $14,000 (before considering the loss). What is Norm's deductible loss? Review Sheet 1- Arnold was employed during the first six months of the year and cared a $85.000 salary. During the next 6 months, he collected $4,800 of unemployment compensation, borrowed $6,000 (using his personal residence as collateral), and withdrew $1,000 from his savings account (including 560, interest. His luck was not all bad, for in December he won 5300 in the lottery on a $20 ticket. Because of his dire circumstances, Amolds parents loaned him $10,000 (inter-free) on July 1 of the current year, when the Federal rate was Amold did not repay the loan during the year and used the money for living expenses Calculate Arold's adjusted gross income for the year