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Samantha Sells the Following Assets and Realizes the Following Gains

Question 77

Multiple Choice

Samantha sells the following assets and realizes the following gains (losses) during the current year:
?
 Home computer (personal)  $(600)  Municipal bonds 6,000 Stamp collection 3,000 Carpeting from residence (2,000) 1956 Chevrolet auto 4,000\begin{array} { l c } \text { Home computer (personal) } & \$ ( 600 ) \\\text { Municipal bonds } & 6,000 \\\text { Stamp collection } & 3,000 \\\text { Carpeting from residence } & ( 2,000 ) \\1956 \text { Chevrolet auto } & 4,000\end{array}
As a result of these sales, Samantha's adjusted gross income will:


A) Increase by $5,000.
B) Increase by $10,400.
C) Increase by $11,000.
D) Increase by $13,000.
E) Decrease by $ 600.

Correct Answer:

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