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Nora Receives a Salary of $55,000 During the Current Year

Question 28

Multiple Choice

Nora receives a salary of $55,000 during the current year. She sells some land that she held as an investment at a loss of $15,000 and some stock at a gain of $10,000. Nora's adjusted gross income is:


A) $50,000
B) $52,000
C) $55,000
D) $62,000
E) $65,000

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