In 2015, Lou has a salary of $53,000 from her job. She also has interest income of

Question:

In 2015, Lou has a salary of $53,000 from her job. She also has interest income of $1,700 and income of $400. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a $7,000 loss. Calculate the following amounts for Lou:
a. Adjusted gross income
$
b. Standard deduction
$
c. Exemption
$
d. Taxable income
$
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...