Long-term capital gain 1,500 Total long-term capital gain $ 7,100 Net short-term capital loss $ (3,400) Capital loss deduction 3,000*** Short-term capital loss carryforward $ 400 Taxable Income: Income from Electronica $ 112,000 Interest and dividends 3,500 Capital loss (from above)*** (3,000) Adjusted gross income $ 112,500 Itemized deductions: Charitable contributions $ 6,300 Other deductions 14,500 (20,800) Exemptions (4 x $3,400) (13,600 Taxable income $ 78,100 2007 or for $1 1 000 cho ucoe the