Final answer:
Jocelyn and Esteban's AGI for the current year is $16,000.
Step-by-step explanation:
To determine Jocelyn and Esteban's adjusted gross income (AGI), we need to add up their incomes and subtract any deductible losses.
Income includes salaries, gains on the sale of stock, and nonbusiness bad debt. So, their total income is $120,000 + $20,000 - $105,000 - $19,000 = $16,000.
Their AGI is the difference between their total income and any deductible losses. Therefore, their AGI for the current year is $16,000.