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During 2022, Kara, a single taxpayer, reports the following income and expense items relating to her interior design business: View the data. Kara also worked

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During 2022, Kara, a single taxpayer, reports the following income and expense items relating to her interior design business: View the data. Kara also worked part-time during the year, earning $12,500. She reports a long-termi capital gain of $4,500, and a short-term capital loss of $4,250. Her itemized deductions total $5,300. View the standard deduction amounts. Read the requirements. Requirement a. What is Kara's taxable income or loss for the year? (Use a minus sign or parentheses for a loss or negative adjusted gross income.) Revenues Cost of goods sold Advertising Office supplies 49,000 45,000 3,200 1,500 13,200 32,000

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