Question
51-54. Eve, age 65 and single with no dependents, provided the following information for her 2018 income tax return: Gross income $55,000 Capital loss $
51-54. Eve, age 65 and single with no dependents, provided the following information for her 2018 income tax return: Gross income $55,000 Capital loss $ 4,000 Total itemized deductions $ 4,400
Eve's capital loss deduction to reach AGI is: a. $0. b. $3,000. c. $4,000. d. None of the above.
Eve's standard deduction, if it is used, is: a. $1,600. b. $13,600. c. $1,000. d. $12,000. e. None of the above.
Eve's personal exemption is: a. $4,150. b. $0. c. $5,750. d. $4,050. e. None of the above.
Eve's taxable income is: a. $38,400. b. $40,000. c. $40,050. d. $40,150. e. None of the above.
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