In the Current Year, Marc, a Single Taxpayer, Has Ordinary

question 7

Multiple Choice

In the current year, Marc, a single taxpayer, has ordinary income of $35,000. In addition, he has $3,000 in short-term capital gains, short-term capital losses of $6,000, and long-term capital gains of $4,000. What is Marc's adjusted gross income (AGI) for the current year?

• A)$32,000
• B)$39,000
• C)$36,000
• D)$34,000

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Definitions:

American Psychiatric Association

A professional organization of psychiatrists dedicated to the diagnosis, treatment, prevention, and research of mental illnesses.

DSM-5

The fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, a publication by the American Psychiatric Association that classifies and provides criteria for the diagnosis of mental disorders.

Observer Bias

The tendency for observers to see what they expect to see, or to interpret data in a way that reflects their own preconceptions.

Clinical Picture

A comprehensive representation of a patient's current and past medical history and symptoms.