Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following income and losses: What is Alice's adjusted gross income for the current year?
A) $119,000.
B) $159,000.
C) $175,000.
D)$215,000.

Question

Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following income and losses:  What is Alice's adjusted gross income for the current year?
A) $119,000. 
B) $159,000. 
C) $175,000. 
D)$215,000.

Quizplus · Accepted Answer

The Answer of Alice is an attorney and earned $175,000 from her practice in the current year. Alice also owns three passive activities. The activities had the following income and losses:  What is Alice's adjusted gross income for the current year?
A) $119,000. 
B) $159,000. 
C) $175,000. 
D)$215,000.

Alice Is an Attorney and Earned $175,000 from Her Practice