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Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information:
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $73,000 in salary She received $19,500 of dividend income. .She received $4,000 of interest income on Home Depot bonds .She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,200. She received $8,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,400 Mary receives one exemption ($4,000), and she has allowable itemized deductions of $7,500. These amounts will be deducted from her gross income to determine her taxable income
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