Janice, single, reports the following items for 2019: $\begin{array}{llcc}
\text { Salary } & \$30,000 \
\end{array}$
$$\begin{array} { l r }
\text { Dividend income } & 8,000 \
\text { Loss on § } 1244 \text { small business stock held for three years } & ( 45,000 ) \
\text { Total itemized deductions } & ( 5,000 )
\end{array}$$ Determine Janice's net operating loss for 2019.
A)($7,000)
B)($15,000)
C)($19,200)
D)($20,000)
E)None of these.

Question

Janice, single, reports the following items for 2019: $\begin{array}{llcc}
  \text { Salary } &  \$30,000 \
\end{array}$
 $$\begin{array} { l r } 
\text { Dividend income } & 8,000 \
\text { Loss on § } 1244 \text { small business stock held for three years } & ( 45,000 ) \
\text { Total itemized deductions } & ( 5,000 )
\end{array}$$ Determine Janice's net operating loss for 2019.
A)($7,000)
B)($15,000)
C)($19,200)
D)($20,000)
E)None of these.

Quizplus · Accepted Answer

The Answer of Janice, single, reports the following items for 2019: $\begin{array}{llcc}
  \text { Salary } &  \$30,000 \
\end{array}$
 $$\begin{array} { l r } 
\text { Dividend income } & 8,000 \
\text { Loss on § } 1244 \text { small business stock held for three years } & ( 45,000 ) \
\text { Total itemized deductions } & ( 5,000 )
\end{array}$$ Determine Janice's net operating loss for 2019.
A)($7,000)
B)($15,000)
C)($19,200)
D)($20,000)
E)None of these.

Janice, Single, Reports the Following Items for 2019 Salary $30,000\begin{array}{llcc} \text { Salary } & \$30,000 \\\end{array} Salary ​$30,000​

Janice, Single, Reports the Following Items for 2019 $\begin{array}{llcc} \text { Salary } & \$30,000 \\\end{array}$