1. Taylor, age 15, is claimed as a dependent by her parents. For 2016, she records the following income: $4,600 wages from a summer job, $1,755 interest from a money market account, and $1,875 interest from City of Boston bonds. If required, round your answers to the nearest dollar. If an amount is zero, enter "0".

A. Taylor's standard deduction for 2016 is ? $

B. Taylor's personal exemption for 2016 is ? $

C. Taylor's taxable income for 2016 is $

D. Compute Taylor's "net unearned income" for the purpose of the kiddie tax. $? Assume that Taylor's tax rate is 10% and her parents' tax rate is 28%. If Taylor's parents file a joint return and report taxable income of $130,000, then Taylor's tax is $?.

2. During the year, Tamara had capital transactions resulting in gains (losses) as follows:

	Sold stock in ABC Company (acquired two years ago)	($1,500)
	Sold collectible coins (held for more than one year)	$2,000
	Sold stock in XYZ Company (acquired six months ago)	($4,100)
	Sold stock in LMN Company (acquired three years ago)	$500

As a result of these transactions, Tamara has an overall net of $.?

Is the amount of her overall net gain or loss limited this year?

If "Yes", what is the limit. If "No", enter"0". $?