Samantha sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l c }
\text { Home computer (personal) } & \$ ( 600 ) \
\text { Municipal bonds } & 6,000 \
\text { Stamp collection } & 3,000 \
\text { Carpeting from residence } & ( 2,000 ) \
1956 \text { Chevrolet auto } & 4,000
\end{array}$$
As a result of these sales, Samantha's adjusted gross income will:
A)Increase by $5,000.
B)Increase by $10,400.
C)Increase by $11,000.
D)Increase by $13,000.
E)Decrease by $ 600.

Question

Samantha sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l c } 
\text { Home computer (personal) } & \$ ( 600 ) \
\text { Municipal bonds } & 6,000 \
\text { Stamp collection } & 3,000 \
\text { Carpeting from residence } & ( 2,000 ) \
1956 \text { Chevrolet auto } & 4,000
\end{array}$$
As a result of these sales, Samantha's adjusted gross income will:
A)Increase by $5,000.
B)Increase by $10,400.
C)Increase by $11,000.
D)Increase by $13,000.
E)Decrease by $ 600.

Quizplus · Accepted Answer

The Answer of Samantha sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l c } 
\text { Home computer (personal) } & \$ ( 600 ) \
\text { Municipal bonds } & 6,000 \
\text { Stamp collection } & 3,000 \
\text { Carpeting from residence } & ( 2,000 ) \
1956 \text { Chevrolet auto } & 4,000
\end{array}$$
As a result of these sales, Samantha's adjusted gross income will:
A)Increase by $5,000.
B)Increase by $10,400.
C)Increase by $11,000.
D)Increase by $13,000.
E)Decrease by $ 600.

Samantha Sells the Following Assets and Realizes the Following Gains