Question: Eirian owned stock that decreased in value by $ 2 0 , 0 0 0 during the year but did not sell the stock. Eirian

Eirian owned stock that decreased in value by $20,000 during the year but did not sell the stock. Eirian earned $45,000 in salary but received only $34,000 because $11,000 in taxes was withheld. Eirian saved $10,000 of this salary and used the remainder for personal living expenses. Eirian's gross income for tax purposes exceeded the economic income for the year.
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