In 2020, Manon earns wages of $54,000. She also has dividend income of $2,800. Manon is single

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In 2020, Manon earns wages of $54,000. She also has dividend income of $2,800. Manon is single and has no dependents. During the year, Manon sold silver coins held as an investment for a $7,000 loss. Calculate the following amounts for Manon:
a. Adjusted gross income b. Standard deduction c. Taxable income GA EA GA

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Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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