Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year.What is the amount of Martha's taxable income after deducting the allowed capital loss?
A)$25,000
B)$38,000
C)$42,000
D)$45,000
E)None of the above

Question

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The Answer of Martha has a net capital loss of $20,000 and other ordinary taxable income of $45,000 for the current tax year.What is the amount of Martha's taxable income after deducting the allowed capital loss?
A)$25,000
B)$38,000
C)$42,000
D)$45,000
E)None of the above

Martha Has a Net Capital Loss of $20,000 and Other