Capital Gains and Losses (LO. 5)

Jennifer is single and has the following income and expenses:

Salary	$84,500
Interest income	5,200
Dividend income	8,900
Long-term capital gain	10,000
Short-term capital loss	13,500
Deductions for AGI	2,900
Deductions from AGI	15,500

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 $fill in the blank 1 and her income tax liability is $fill in the blank 2.