John Files a Return as a Single Taxpayer

question 41

Multiple Choice

John files a return as a single taxpayer.In 2019, 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 2019.

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

---

Definitions:

Transformational Grammar

A theory of grammar that focuses on how sentences can be transformed into other sentences through the application of rules.

Deep Structure

In linguistics, the underlying syntactic structure or meaning of a sentence, as opposed to its surface structure or actual spoken form.

Surface Structure

A concept in linguistics referring to the outward form of a sentence, as opposed to the deeper meaning or abstract structural representation (deep structure).

Transformational Grammar

A linguistic theory that focuses on how sequences of words can be transformed into sentences, emphasizing the rules and principles behind sentence structure.