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Captital Gains and Losses Jennifer is single and has the following income and expense salary: 76,000 interest income: 5,000 dividend income: 9,000 long term capital
Captital Gains and Losses
Jennifer is single and has the following income and expense
salary: 76,000
interest income: 5,000
dividend income: 9,000
long term capital gain: 10,000
short term capital loss: 14,000
deduction for agi: 3,000
deduction from agi: 9,000
the standard deduction is 6,300 for single taxpayer. the personal and dependency exception is 4,000. dividend and net long-term capital gains are taxed at rate of 15%
What is her taxable income and her income taxability ?
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