Edna Had $20,000 of Ordinary Income

question 9

Multiple Choice

Edna had $20,000 of ordinary income.In addition, she had a $1,500 short-term capital gain on one stock and a $4,900 long-term capital loss on another.What is her adjusted gross income?

• A)$21,500
• B)$17,000
• C)$16,600
• D)$15,100

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