Maria, who is single, had the following items for 2017: $\begin{array}{l}
\begin{array}{lr}
\text { Salary } & \$ 80,000 \
\text { Loss on sale of } \S 1244 \text { small business stock acquired 3 years ago } & (60,000) \
\text { Stock acquired } 2 \text { years ago became worthless during the year } & (5,000) \
\text { Long-term capital gain } & 25,000 \
\text { Nonbusiness bad debt } & (15,000) \
\text { Casualty loss on property held } 6 \text { months } & (6,000) \
\text { Casualty gain on property held 4 years } & 4,000
\end{array}\
\text { Determine Maria's adjusted gross income for } 2017 \text {. }
\end{array}$

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The Answer of Maria, who is single, had the following items for 2017: $\begin{array}{l}
\begin{array}{lr}
\text { Salary } & \$ 80,000 \
\text { Loss on sale of } \S 1244 \text { small business stock acquired 3 years ago } & (60,000) \
\text { Stock acquired } 2 \text { years ago became worthless during the year } & (5,000) \
\text { Long-term capital gain } & 25,000 \
\text { Nonbusiness bad debt } & (15,000) \
\text { Casualty loss on property held } 6 \text { months } & (6,000) \
\text { Casualty gain on property held 4 years } & 4,000
\end{array}\
\text { Determine Maria's adjusted gross income for } 2017 \text {. }
\end{array}$

Maria, Who Is Single, Had the Following Items for 2017