Includable items in gross income

Assignment Help Accounting Basics

Reference no: EM13154577

During the year, Susan had salary income of $19,000. In addition she reported the following capital transactions during the year:

Long-term capital gain $7,000
Short-term capital gain 3,000
Long-term capital loss -2,000
Short-term capital loss -4,000

There were no other items includable in her gross income. What is the amount of her adjusted gross income?

a) $19,000

b) $21,400

c) $23,000

d) $26,000

e) None of the above

Reference no: EM13154577

Questions Cloud

How much energy is released : How much energy is released during the complete combustion of 329 grams of cyclobutane ?

What type of decision to expect from visually reported data : What specific type of visually reported data might you use? What type of decision would you expect from those responding to your visually reported data?

What could the fed do in order to bring economy back : What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail

Graphite is the crystalline form of carbon used in lead : Graphite is the crystalline form of carbon used in lead pencils. How many moles of carbon are there in 305 mg of graphite? (b) Manganese (Mn) is a transition element essential for the growth of bones.

Includable items in gross income : There were no other items includable in her gross income. What is the amount of her adjusted gross income?

Compute the company basic eps : Compute the company's basic EPS for 2009. Compute the company's diluted EPS for 2009. Compute the company's book value per share at December 31, 2009. Compute the company's book value per share at December 31, 2009 assuming conversion of the preferr..

Hypothesize the basic short-run and long-run behaviors : Hypothesize the basic short-run and long-run behaviors of the model in the industry you have chosen in a market economy. and analyze at least three (3) possible areas for the industry that could lead to transaction costs, and explain each in detail.

What did the fed actually do : What could the Fed do in 2002-2003 in order to bring the economy back to full-unemployment ? What did the Fed actually do? Explain in detail

Calculate the expected value for the data : He observes how many people play on each court on a particular day. Compute the expected value for the data shown below.

User Account

All Pages