Willie sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l r }
\text { Personal auto } & \$ ( 5,000 ) \
\text { Municipal bonds } & ( 7,000 ) \
\text { Stamp collection } & 4,000 \
\text { Furniture } & ( 6,000 ) \
1 \% \text { interest in oil well } & ( 8,000 )
\end{array}$$
As a result of these sales, Willie's adjusted gross income will:

Question

Willie sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l r } 
\text { Personal auto } & \$ ( 5,000 ) \
\text { Municipal bonds } & ( 7,000 ) \
\text { Stamp collection } & 4,000 \
\text { Furniture } & ( 6,000 ) \
1 \% \text { interest in oil well } & ( 8,000 )
\end{array}$$
As a result of these sales, Willie's adjusted gross income will:

Quizplus · Accepted Answer

The Answer of Willie sells the following assets and realizes the following gains (losses) during the current year:
?
$$\begin{array} { l r } 
\text { Personal auto } & \$ ( 5,000 ) \
\text { Municipal bonds } & ( 7,000 ) \
\text { Stamp collection } & 4,000 \
\text { Furniture } & ( 6,000 ) \
1 \% \text { interest in oil well } & ( 8,000 )
\end{array}$$
As a result of these sales, Willie's adjusted gross income will:

Willie Sells the Following Assets and Realizes the Following Gains