Caesar, a single taxpayer, has a wage income of $75,000. he also has a short-term capital loss of $5,000, a short-term capital gain of $2,000, and a long-term capital gain of $3,000.
what is caesar's agi for 2019?

a) $72,000. b) $75,000. c) $77,000. d) $78,000.

correct answer is b) $75,000

Explanation:

given data

wage income = $75,000

short term capital loss = $5,000

short term capital gain = $2,000

long term capital gain = $3,000

solution

we get here net short capital loss that is

net short capital loss = short term capital loss - short term capital gain

net short capital loss = $5,000 - $2,000

net short capital loss = $3,000

and leaves him with as = long term capital gain - net short capital loss

=  $3,000 -  $3,000 = $0

so here AGI for 2019 is $75,000

so correct answer is b) $75,000

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

the answer is true

for e2020 ; -;