Maria is a single taxpayer. Her salary is $51,000. Maria realized a short-term capital loss of $5,000.

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Maria is a single taxpayer. Her salary is $51,000. Maria realized a short-term capital loss of $5,000. Her itemized deductions total $4,000.
a. Compute Maria’s adjusted gross income.
b. Compute her taxable income.
c. Compute her tax liability.

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Federal Taxation 2016 Comprehensive

ISBN: 9780134104379

29th Edition

Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson

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Question Posted: Dec 11, 2015 01:34 AM

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Maria is a single taxpayer. Her salary is $51,000. Maria realized a short-term capital loss of $5,000.

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a b c Marias tax liability is 52...View the full answer

Federal Taxation 2016 Comprehensive

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