For the Current Year, David Has Wages of $80,000 and the Following

question 1

Multiple Choice

For the current year, David has wages of $80,000 and the following property transactions: $\begin{array}{lr}\text { Stock investment sales- } \\\text { Long-term capital gain } &\$ 9,000 \\\text { Short-term capital loss } &(12,000) \\\text { Loss on sale of camper (purchased 4 years ago and used for family vacations) } &(2,000) \end{array}$ What is David's AGI for the current year?

• A) $76,000.
• B) $77,000.
• C) $78,000.
• D) $89,000.
• E) None of these.

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