harryperry posted a question
Tonya had the following items for last year: Salary $40,000 Short-term capital gain 12,000 Nonbusiness bad debt (10,000) Long-term capital loss (5,000) For the current year, Tonya had the following items: Salary $45,000 Collection of last year bad debt 10,000 Determine Tonya's adjusted gross income for the current year.
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Question:
Tonya had the following items for last year:
Salary $40,000
Short-term capital gain 12,000
Nonbusiness bad debt (10,000)
Long-term capital loss (5,000)
For the current year, Tonya had the...