Julie, who is single, had the following items of income and deduction included on her 2017 Form 1040 income tax return:

Salary$40,000

Net capital loss deduction3,000

Itemized deduction (all attributable to a personal casualty loss when a tornado destroyed her vacation home) 45,000

Personal exemption 4,050

What is the amount of Julie's net operating loss for 2017?

$5,000

$8,000

$11,700

$45,000