Robin Moore, a self-employed taxpayer, reported the following information for 2015:
Income :
Dividends from investments : $500
Net short-term capital gain on sales of investment: 1,000
Deductions:
Net loss from business: (6,000)
Personal exemption: (4,000)
Standard deduction (6,300)
What is the amount of Moore's net operating loss for 2015?
a. $4,500
b. $5,000
c. $6,000
d. $10,700
Answer: C
CPA Exam
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