Willie sells the following assets and realizes the following gains (losses) during the current year:
Personal auto $(5,000)
Municipal bonds (7,000)
Stamp collection 4,000
Furniture (6,000)
1% interest in oil well (8,000)
As a result of these sales, Willie's adjusted gross income will:
a. Decrease by $3,000.
b. Decrease by $4,000.
c. Decrease by $11,000.
d. Decrease by $15,000.
e. Not change.
a
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Helen's debt to Imprints Printers is past due. Imprints obtains a judgment against Helen, but sherefuses to pay it. Imprints asks the court for an order that directs the sheriff to seize and sell any of Helen's nonexempt real or personal property that is within the court's geographic jurisdiction. This is a request for A) a writ of execution
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A) $6,300 per month B) $4,500 per month C) $3,500 per month D) $5,040 per month