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-term 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.) Data \begin{tabular}{|lrr|} \hline Revenues & $ & 49,000 \\ Cost of goods sold & 45,000 \\ Advertising & 3,200 \\ Office supplies & 1,500 \\ Rent & 13,200 \\ Contract labor & 32,000 \\ \hline \end{tabular} Print Done During 2022. Kara, a single taxpayer, reports the following income and expense items relating to her intorior design business! View the data. Kara also worked part-lime during the year, earning $12,500. She reports a long-term 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.) a. What is Kara's taxable income or loss for the year? b. What is Kara's net operating loss (NOL) for the year? 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-term 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.) Data \begin{tabular}{|lrr|} \hline Revenues & $ & 49,000 \\ Cost of goods sold & 45,000 \\ Advertising & 3,200 \\ Office supplies & 1,500 \\ Rent & 13,200 \\ Contract labor & 32,000 \\ \hline \end{tabular} Print Done During 2022. Kara, a single taxpayer, reports the following income and expense items relating to her intorior design business! View the data. Kara also worked part-lime during the year, earning $12,500. She reports a long-term 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.) a. What is Kara's taxable income or loss for the year? b. What is Kara's net operating loss (NOL) for the year
