Stan, a Computer Lab Manager, Earns a Salary of $80,000

question 24

Multiple Choice

Stan, a computer lab manager, earns a salary of $80,000 and receives $25,000 in dividends and interest during the year.In addition, he incurs a loss of $40,000 from an investment in a non-real estate passive activity.His at-risk amount in the activity at the beginning of the year is $55,000.What is Stan's adjusted gross income for this year?

• A)$65,000.
• B)$70,000.
• C)$105,000.
• D)None of the above.

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