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  3. 78. maria, who is single, had the following items

78. Maria, who is single, had the following items for 2016: Salary $80,000 Loss on...

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Accounting

78. Maria, who is single, had the following items for 2016:

Salary $80,000

Loss on sale of 1244 small business stock acquired 3 years ago (60,000)

Stock acquired 2 years ago became worthless during the year (5,000)

Long-term capital gain 25,000

Nonbusiness bad debt (15,000)

Determine Marias adjusted gross income for 2016.

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