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?

$19,000

$21,400

$23,000

$26,000

None of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M983199

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