Essay
Roger, an individual, owns a proprietorship Green Options.For the year 2019, Roger reports the following items:
? Business income-$200,000.
? Business expense-$150,000.
? Loss on a completely destroyed business machine.The machine had an adjusted basis of $25,000 and a fair market value of $20,000.
? Loss on a business truck.The truck had an adjusted basis of $8,000.The repairs to fix the truck cost $10,000.Determine Roger's adjusted gross income for 2019.
Correct Answer:

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