Padraic purchased 50 shares of stock as an investment for the purchase price of $2,500 in 2014. In 2017 when the fair market value of the stock was $2,500, Padraic gave the stock to his sister, Fiona. If no gift tax is paid and Fiona sells the stock for $2,750 she will recognize:

Multiple Choice

$250 gain.

$800 gain.

$500 gain.

$300 gain.

..

Gabriella, a single taxpayer, has wage income of $160,000. In addition, she has $7,000 in long-term capital losses, $1,000 in long-term capital gains, $3,000 in short-term capital gains, and $1,000 in short-term losses. What is Gabriella's AGI for 2017?

Multiple Choice

$157,000.

$160,000.

$156,000.

$161,000.