During the Year, Daniel Sells Both of His Personal Vehicles

Multiple Choice

During the year, Daniel sells both of his personal vehicles. On January 10, he realizes a $9,000 loss on the sale of the first car. On April 5, he realizes a $1,000 gain on the sale of the second car. Assume Daniel's salary for the year is $50,000, and he has no other income. What is Daniel's Adjusted Gross Income?

A) $40,000
B) $41,000
C) $42,000
D) $50,000
E) $51,000