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Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year. What is the amount of

Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year.

What is the amount of Martha's taxable income after deducting the allowed capital loss?

A. $28,000

B. $38,000

C. $42,000

D. $45,000

E. None of the above

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