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Determine marias adjusted gross income

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Maria, who is single, had the following items for 2018:

Salary                                                                                      $80,000

Loss on sale of § 1244 small business stock acquired 3 years ago       ($60,000)

Stock acquired 2 years ago became worthless during the year             ($5,000)

Long-term capital gain                                                                   $17,000

Nonbusiness bad debt                                                                    ($8,000)

Casualty gain on property held 4 years                                               $4,000

Question 1: Determine Maria's adjusted gross income for 2018.

Reference no: EM132471605

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