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Capital Gains and Losses (LO. 5) Jennifer is single and has the following income and expenses: Salary $81,700 Interest income 5,400 Dividend income 9,300 Long-term
Capital Gains and Losses (LO. 5) Jennifer is single and has the following income and expenses: Salary $81,700 Interest income 5,400 Dividend income 9,300 Long-term capital gain 11,000 Short-term capital loss 14,600 Deductions for AGI 3,300 Deductions from AGI 14,000 The standard deduction is $12,400 for single taxpayers. Dividends and net long-term capital gains are taxed at a rate of 15%. Refer to the Tax schedules table to answer the following question. Round intermediate calculations and final answers to the nearest dollar. Jennifer's taxable income is $ and her income tax liability is $
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