Capital Gains and Losses (LO. 5)

Jennifer is single and has the following income and expenses:

Salary	$87,200
Interest income	5,100
Dividend income	8,600
Long-term capital gain	11,000
Short-term capital loss	15,000
Deductions for AGI	3,300
Deductions from AGI	16,000

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 $_____.