onda Kay, single and aged 33, had the following income and expense items in 2017:

Nonbusiness bad debt	$12,000
Business bad debt	20,600
Nonbusiness long-term capital gain	18,000
Nonbusiness short-term capital loss	1,700
Salary	44,000
Dividend income	3,100
Personal casualty gain on an asset held for eight months*	3,000
Personal casualty loss on an asset held for two months*	22,400
Personal casualty loss on an asset held for five years*	17,000
Interest expense on home mortgage	12,800

*Assume that a personal casualty loss means that the $100-per-event floor has already been deducted.

If an amount is zero, enter "0". If required, use the minus sign to indicate a negative AGI, taxable loss or an NOL.

a. Determine Vonda Kay's taxable income or loss for 2017.

Salary				$
Dividend income
Business bad debt
Overall net long-term capital gain
Personal casualty gains
Less: personal casualty losses				$
Adjusted gross income				$
Less itemized deductions:
	Interest expense	$
	Balance of deductible casualty losses
Total itemized deductions
Personal exemption				$
Taxable income/loss				$

b. Determine Vonda Kay's net operating loss (NOL) for 2017.

Taxable income/loss	$
Personal exemption
Excess of nonbusiness capital losses over nonbusiness capital gains
Excess of nonbusiness deductions over nonbusiness income	$
NOL (or adjusted income if positive number)	$