Maria, who is single, had the following items for 2014:
$\begin{array}{llr}
\text { Salary} &\$80,000\
\text { Loss on sale of $ \S 1244 $ small business stock acquired 3 years ago } &(60,000)\
\text { Stock acquired 2 years ago became worthless during the year } &(5,000)\
\text { Long-term capital gain } &25,000\
\text { Nonbusiness bad debt } &(15,000)\
\text { Casualty loss on property held 6 months } &(6,000)\
\text {Casualty gain on property held 4 years } &4,000\
\text {Determine Maria's adiusted gross income for 2014 . } &\
\end{array}$

Question

Maria, who is single, had the following items for 2014:
 $\begin{array}{llr}
  \text {  Salary} &\$80,000\
 \text { Loss on sale of $ \S 1244 $ small business stock acquired 3 years ago } &(60,000)\
 \text { Stock acquired 2 years ago became worthless during the year } &(5,000)\
 \text { Long-term capital gain } &25,000\
 \text { Nonbusiness bad debt } &(15,000)\
 \text { Casualty loss on property held 6 months } &(6,000)\
 \text {Casualty gain on property held 4 years  } &4,000\
 \text {Determine Maria's adiusted gross income for 2014 .  } &\
\end{array}$

Quizplus · Accepted Answer

The Answer of Maria, who is single, had the following items for 2014:
 $\begin{array}{llr}
  \text {  Salary} &\$80,000\
 \text { Loss on sale of $ \S 1244 $ small business stock acquired 3 years ago } &(60,000)\
 \text { Stock acquired 2 years ago became worthless during the year } &(5,000)\
 \text { Long-term capital gain } &25,000\
 \text { Nonbusiness bad debt } &(15,000)\
 \text { Casualty loss on property held 6 months } &(6,000)\
 \text {Casualty gain on property held 4 years  } &4,000\
 \text {Determine Maria's adiusted gross income for 2014 .  } &\
\end{array}$

Maria, Who Is Single, Had the Following Items for 2014