Maria is a single taxpayer. Her salary is $51,000. Maria realized a short-term capital loss of $5,000.
Question:
Maria is a single taxpayer. Her salary is $51,000. Maria realized a short-term capital loss of $5,000. Her itemized deductions total $4,000.
a. Compute Maria’s adjusted gross income.
b. Compute her taxable income.
c. Compute her tax liability.
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a Marias adjusted gross income is 48000 Salary 51000 C...View the full answer
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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