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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 intormation:
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant intormation: - She received $135,000 in salary. - She received $10,500 of dividend income. - She received $8,300 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 $8,500. - She received $12,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,900. - Mary only has allowable itemized deductions of $5,900, so she will take the standard deduction of $12,400. The standard deduction from her gross income to determine her taxable income. Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant intormation: - She received $135,000 in salary. - She received $10,500 of dividend income. - She received $8,300 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 $8,500. - She received $12,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $5,900. - Mary only has allowable itemized deductions of $5,900, so she will take the standard deduction of $12,400. The standard deduction from her gross income to determine her taxable income
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