Answer:
Net operating loss -$10,360
Explanation:
The computation of the net operating loss for the year 2015 is as follows:
Salary $30,000
Interest income 7,000
Alimony received 12,000
Less Individual retirement account contribution 2,000
Adjusted gross income $47,000
Home mortgage interest expense -$4,000
Property taxes -$2,000
Personal casualty loss ($38,000) - ($47,000 × 0.10) -$33,300
Stolen investment property -$16,000
Unreimbursed employee business loss ($3,000) - ($47,000 × 0.02) -$2,060
Net operating loss -$10,360
