Lacey is a 69-year-old single individual who receives a taxable pension of $ 10,500 per year and Social Security benefits of $ 3,200. Lacey is considering the possibility of selling stock she has owned for years and using the funds to purchase a summer home. She will realize a gain of $ 25,100when she sells the stock, which has been paying $ 300 of dividends each year. Lacey says her brother recommended that she sell half of the stock this year and half next year because selling all of the stock at once would affect the tax treatment of her Social Security benefits.

Requirement a. Compute her AGI under the assumption she sells all of the stock now after receiving $300 dividends from the stock. Begin by computing the provisional income. Only select iems that are applicable to Dan and Diana. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Plus: Provisional income Calculate Lacey's AGI. AGI Requirement b. Repeat the computation under the assumption she sells only half of the stock this year and also receives $300 dividends from the stock. Begin by computing the provisional income. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Plus: L Provisional income Lacey's AGI is C . Requirement a. Compute her AGI under the assumption she sells all of the stock now after receiving $300 dividends from the stock. Begin by computing the provisional income. Only select iems that are applicable to Dan and Diana. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Plus: Provisional income Calculate Lacey's AGI. AGI Requirement b. Repeat the computation under the assumption she sells only half of the stock this year and also receives $300 dividends from the stock. Begin by computing the provisional income. (If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Plus: L Provisional income Lacey's AGI is C