Karl Has the Following Income (Loss)during the Current Year What Is Karl's Adjusted Gross Income for This Year?
A)$23,500

Karl has the following income (loss) during the current year:
$\begin{array}{lr}\text { Net business income } & \$ 45,500 \\\text { Dividends and interest } & 12,000 \\\text { Actively managed rental property } & (34,000) \end{array}$
What is Karl's adjusted gross income for this year?

A) $23,500
B) $31,400
C) $32,500
D) $45,500
E) $57,500