For the Current Year, David Has Wages of $80,000 and the Following

Multiple Choice

For the current year, David has wages of $80,000 and the following property transactions:

Stock investment sales-
Long-term capital gain ..........$9000
Short-term capital loss .........(12000)
Loss on sale of camper (purchased four years ago and used for family vacations ) ...................(2000)


What is David's AGI for the current year?

A) $76,000.
B) $77,000.
C) $78,000.
D) $89,000.
E) None of these.