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Sally Has the Following Income and Loss: Salary of $42,000

Question 19

Multiple Choice

Sally has the following income and loss: Salary of $42,000
Interest income of $2,000
Passive income from Acme Limited Partnership of $4,000
Passive loss from Beta Limited Partnership of $5,000
How much adjusted gross income will be reported on her
Tax return?


A) $43,000
B) $41,000
C) $44,000
D) $48,000

Correct Answer:

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