Question - Tonya had the following items for last year:
|
Salary
|
$40,000
|
|
Short-term capital gain
|
$12,000
|
|
Non-business bad debt
|
($10,000)
|
|
Long-term capital loss
|
($8,000)
|
For the current year, Tonya had the following items:
|
Salary
|
$45,000
|
|
Collection of last year's bad debt
|
$12,000
|
Determine Tonya's adjusted gross income for the current year.