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Wendy is a single taxpayer, whose salary was $62,000 in 2015. In that year, she also suffered a $6,000 short-term capital loss. Her itemized deductions
Wendy is a single taxpayer, whose salary was $62,000 in 2015. In that year, she also suffered a $6,000 short-term capital loss. Her itemized deductions for the year totaled $5,000. What are Wendys 2015 (a) adjusted gross income; (b) taxable income; and (c) tax liability?
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