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

question 146

Multiple Choice

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