nVoker-&itakeAssignmentSessionLocator=&inprogress%3Dfalse Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items: Sales revenues $325,000 Short-term capital gains 5,000 Short-term capital losses (9,000) Trade and business expenses (185,000) Taxable income $136,000 If Joline has other income of $6,000, what is her adjusted gross income? Oa. $141.000 Ob. $143,000 Oc. $146,000 Od. $142,000 Previous

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Invoker=&takeAssignmentSessionLocator3D&inprogress%3Dfalse
Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items:
Sales revenues
$325,000
Short-term capital gains
5,000
Short-term capital losses
(9,000)
Trade and business expenses
(185,000)
Taxable income
$136,000
If Joline has other income of $6,000, what is her adjusted gross income?
Oa. $141.000
Ob. $143,000
Oc. $146,000
Od. $142,000
Previous
Transcribed Image Text:Invoker=&takeAssignmentSessionLocator3D&inprogress%3Dfalse Joline operates Adventure Tours as a sole proprietorship. For the year, Adventure Tours has the following income and expense items: Sales revenues $325,000 Short-term capital gains 5,000 Short-term capital losses (9,000) Trade and business expenses (185,000) Taxable income $136,000 If Joline has other income of $6,000, what is her adjusted gross income? Oa. $141.000 Ob. $143,000 Oc. $146,000 Od. $142,000 Previous
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