A taxpayer had the following income and losses in the current year:Salary$55,000Sold AT&T stock at a loss( 5,000)Lottery prize4,500 Gambling winnings8,000 Gambling losses( 5,000)What is the taxpayer's adjusted gross income?
A. $64,500
B. $62,500
C. $57,500
D. $59,500
Answer: A
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