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

question 2

Multiple Choice

For the current year, David has wages of $80,000 and the following property transactions:

Stock investment sales-
Long-term capital gain ..........$9000
Short-term capital loss .........(12000)
Loss on sale of camper (purchased four years ago and used for family vacations ) ...................(2000)


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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Definitions:

Personality

A combination of characteristics or qualities that form an individual's distinctive character.

Cancer

A disease characterized by the uncontrolled growth and spread of abnormal cells in the body, potentially leading to death if not treated.

Self-destructive Ways

Behaviors or actions that cause harm or damage to oneself, often as a way of dealing with emotional pain or distress.

Sensation-seeking

The tendency to pursue thrilling and exciting experiences, often involving risks.