Boris, a Single Individual, Has Two Sales of Stock During

Multiple Choice

Boris, a single individual, has two sales of stock during the current year. The first sale produces a short-term loss of $27,000 and the second sale results in a long-term gain of $57,000. Boris's taxable income without considering the gain is $125,000. Boris's stock transactions will increase his taxable income by:

A) $-0-
B) $30,000
C) $34,000
D) $54,000