During the Current Year, Alyssa Incurred a Net Loss of $27,500

Multiple Choice

During the current year, Alyssa incurred a net loss of $27,500 from a 5 percent interest in a partnership that operated and managed an office building. Alyssa had adjusted gross income from other sources of $110,000 and spent 67 hours assisting in the management of the building. Determine Alyssa's total adjusted gross income for the current year.

A) $82,500
B) $90,000
C) $100,000
D) $105,000
E) $110,000