For the current year, David has a salary income of $80,000 and the following property transactions:
Stock investment sales—
Long-term capital gain $ 9,000
Short-term capital loss (12,000)
Loss on sale of camper (purchased 4 years ago and used for family vacations) (2,000)
What is David's AGI for the current year?
a. $76,000.
b. $77,000.
c. $78,000.
d. $89,000.
e. None of these.
Answer: B