There were no other items includable in her gross income., Ask an Expert

Accounting

During the year, Susan had salary income of $19,000. In addition she reported the following capital transactions during the year:

Long-term capital gain $7,000
Short-term capital gain 3,000
Long-term capital loss -2,000
Short-term capital loss -4,000

There were no other items includable in her gross income. What is the amount of her adjusted gross income?

a) $19,000

b) $21,400

c) $23,000

d) $26,000

e) None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9444714

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