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In the Current Year, Marc, a Single Taxpayer, Has Ordinary

Question 7

Multiple Choice

In the current year, Marc, a single taxpayer, has ordinary income of $35,000. In addition, he has $3,000 in short-term capital gains, short-term capital losses of $6,000, and long-term capital gains of $4,000. What is Marc's adjusted gross income (AGI) for the current year?


A) $32,000
B) $39,000
C) $36,000
D) $34,000

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