Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items:
?
$$\begin{array} { l r }
\text { Sales revenues } & \$ 325,000 \
\text { Short-term capital gains } & 5,000 \
\text { Short-term capital losses } & ( 9,000 ) \
\text { Trade and business expenses } & ( 185,000 ) \
\text { Taxable income } & \$ 136,000
\end{array}$$
If Joline has other income of $6,000, what is her adjusted gross income?
A)$141,000
B)$142,000
C)$143,000
D)$146,000

Question

Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items:
?
$$\begin{array} { l r } 
\text { Sales revenues } & \$ 325,000 \
\text { Short-term capital gains } & 5,000 \
\text { Short-term capital losses } & ( 9,000 ) \
\text { Trade and business expenses } & ( 185,000 ) \
\text { Taxable income } & \$ 136,000
\end{array}$$
If Joline has other income of $6,000, what is her adjusted gross income?
A)$141,000
B)$142,000
C)$143,000
D)$146,000

Quizplus · Accepted Answer

The Answer of Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items:
?
$$\begin{array} { l r } 
\text { Sales revenues } & \$ 325,000 \
\text { Short-term capital gains } & 5,000 \
\text { Short-term capital losses } & ( 9,000 ) \
\text { Trade and business expenses } & ( 185,000 ) \
\text { Taxable income } & \$ 136,000
\end{array}$$
If Joline has other income of $6,000, what is her adjusted gross income?
A)$141,000
B)$142,000
C)$143,000
D)$146,000

Joline Operates Adventure Tours as a Sole Proprietorship If Joline Has Other Income of $6,000, What Is Her