Question
Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2015 year. Salary $30,000 Interest income
Stella, age 38, is single with no dependents. The following information was obtained from her personal records for the 2015 year.
| Salary | $30,000 |
| Interest income | 7,000 |
| Alimony received | 12,000 |
| Individual retirement account contribution | 2,000 |
| Home mortgage interest expense | 4,000 |
| Property taxes | 2,000 |
| Personal casualty loss (after the $100 floor) | 38,000 |
| Stolen investment property | 16,000 |
| Unreimbursed employee business loss | 3,000 |
Based on the above information, what is Stellas net operating loss for 2015?
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Brinks Modern Internal Auditing A Common Body Of Knowledge
Authors: Robert R. Moeller
7th Edition
0470293039, 978-0470293034
