Item of income or deduction


A taxpayer whose fi ling status is married fi ling separately recognizes a $5,000 net short-term capital loss and a $1,000 net long-term capital gain during the year. If the taxpayer's only other item of income or deduction is his $55,100 of wages, his AGI is:

a. $52,100.

b. $53,600.

c. $55,100.

d. $56,100.

e. None of the above.

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Accounting Basics: Item of income or deduction
Reference No:- TGS038884

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