Beverly earned a $75,000 salary and recognized a $7,200 loss on the sale of corporate stock this year.Compute her AGI in each of the following independent cases.
a.Beverly had no other capital transactions this year.
b.Beverly recognized a $13,500 capital gain on the sale of mutual fund shares.
c.Beverly received a $9,500 capital gain distribution from a mutual fund and had a $3,200 capital loss carryforward from a previous year.

Question

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The Answer of Beverly earned a $75,000 salary and recognized a $7,200 loss on the sale of corporate stock this year.Compute her AGI in each of the following independent cases.
a.Beverly had no other capital transactions this year.
b.Beverly recognized a $13,500 capital gain on the sale of mutual fund shares.
c.Beverly received a $9,500 capital gain distribution from a mutual fund and had a $3,200 capital loss carryforward from a previous year.

Beverly Earned a $75,000 Salary and Recognized a $7,200 Loss