Problem 1-4 The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses (LO 1.3, L.O. 1.8) In 2018, 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 Single Married, filing jointly Married, filing separately Head of household Qualifying widow(er) 2018 Standard Deduction $ 12,000 24,000 12,000 18,000 24,000 Calculate the following amounts for Lou: a. Adjusted gross income b. Standard deduction $ 12,000 C. Exemption d. Taxable income