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

question 138

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.

---

Definitions:

Heterogeneous

A mixture composed of components that are not uniformly distributed or that have localized concentrations.

Homogeneous

Describes a mixture or material that has a uniform composition and properties throughout.

Catalysts

Substances that increase the rate of a chemical reaction without being consumed in the process.

Hydrogen Peroxide

A chemical compound with the formula H2O2, known for its strong oxidizing properties and used as a bleaching agent and disinfectant.