Khalid,who Is Single,had the Following Items for 2014 A) $\text { a. } \$10,000$

question 104

Multiple Choice

Khalid,who is single,had the following items for 2014:
$\begin{array}{lr}\text { Salary } & \$ 40,000 \\\text { Interest income on U.S. Treasure bonds } & 8,000 \\\text { Loss on theft of securities } & (60,000 \\\text { Interest income on New York state bonds } & 12,000\\\text { What is Khalid's NOL for }\end{array}$

• A)\(\text { a. } \$10,000\)
• B)\(\$ 12,000\)
• C)\(\$ 15,000\)
• D)\(\$ 25,100\)
• E)\(\text { None of these }\)

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