Multiple Choice
For the current year,David has wages of $80,000 and the following property transactions:
Stock investment sales-
Long-term capital gain
$ 9,000
Short-term capital loss
(12,000)
Loss on sale of camper (purchased 4 years ago and used for family vacations)
(2,000)
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.
Correct Answer:

Verified
Correct Answer:
Verified
Q20: The basic and additional standard deductions both
Q25: Sarah furnishes more than 50% of the
Q40: Butch and Minerva are divorced in December
Q41: Merle is a widow,age 80 and blind,who
Q46: Ellen,age 39 and single,furnishes more than 50%
Q55: A dependent cannot claim a personal exemption
Q98: Dan and Donna are husband and wife
Q99: Match the statements that relate to each
Q119: Matching <br>Regarding classification as a dependent, classify
Q120: Ed is divorced and maintains a home