Sheldon Had Salary Income of $40,000

Multiple Choice

Sheldon had salary income of $40,000.In addition, he had the following gains and losses on his property transactions: Long-term capital gain = $14,000; long-term capital loss = $6,000; short-term capital gain = $4,000; short-term capital loss = $8,000.If Sheldon has no other income items, what is his total income before any deductions for the year?

A) $44,000
B) $47,000
C) $48,000
D) $52,000