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4. In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400.
4. In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend 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 69 c. Taxable income 69 EA
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short
8th edition
78025559, 978-0078025556
