Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions
Question:
Bonita earns $31,000 from her job, and she has $1,000 of interest income. She has itemized deductions and personal exemptions of $35,000. There are no casualty or theft losses in the itemized deductions. What is Bonita’s net operating loss for the current year?
a. $0
b. $1,000
c. $3,000
d. $4,000
e. Some other amount
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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