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: $\begin{array}{llr} \text { Stock investment sales- } &\\ \text { Long-term capital gain} &\$ 9,000\\ \text { Short-term capital loss} &(12,000) \\ \text { Loss on sale of camper (purchased four years ago and used for family vacations) } &(2,000) \\\end{array}$
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.