DULUI Print Item Problem 1-4 The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses (LO 1.3, 1.8) In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a $7,000 loss. Table for the standard deduction Filing Status Standard Deduction Single $ 12,200 Married, filing jointly 24,400 Married, filing separately 12,200 Head of household 18,350 Qualifying widow(er) 24,400 Calculate the following amounts for Lou: a. Adjusted gross income b. Standard deduction c. Taxable income Check My Work Previous Next