In 2016, 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 2016 Standard Deduction

Single $ 6,300

Married, filing jointly 12,600

Married, filing separately 6,300

Head of household 9,300

Qualifying widow(er) 12,600

Calculate the following amounts for Lou:

a. Adjusted gross income $

b. Standard deduction $

c. Exemption $

d. Taxable income