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

Question 43

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:

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