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Problem 1 - 5 The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses ( LO 1 . 3 , 1 .

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Problem 1-5
The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses (LO 1.3,1.8)
In 2023, Manon earns wages of $56,000. She also has dividend income of $3,000. Manon is single and has no dependents. During the year, Manon sold silver coins held as an investment for a $7,000 loss.
Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$13,850
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