John Files a Return as a Single Taxpayer

question 38

Multiple Choice

John files a return as a single taxpayer. In 2018, he had the following items:
? Salary of $40,000.
? Loss of $65,000 on the sale of § 1244 stock acquired two years ago.
? Interest income of $6,000.
Determine John's AGI for 2018.

• A) ($5,000).
• B) $0.
• C) $45,000.
• D) $51,000.
• E) None of the above.

---

Definitions:

Datasheet View

A view in database applications that displays data in rows and columns, similar to a spreadsheet.

Datasheet View

A way of viewing data in a database that displays information in rows and columns, similar to a spreadsheet.

Rows And Columns

The horizontal lines (rows) and vertical divisions (columns) that structure data in a table or spreadsheet.

Undo Button

A feature in software applications that allows users to revert the last action or series of actions.