Hope is a marketing manager at a local company Information about her 2019 income and expenses is as follows Income received Salary $150,000 Taxes withheld from salary Federal income tax $30,000 State income tax 8,000 Social Security tax 7,254 Medicare tax 2,175 Interest income from bank 6,000 Divid...

Income Salary 150000 Interest Incom ...

Hope is a marketing manager at a local company. Information about her 2019 income and expenses is

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Hope is a marketing manager at a local company. Information about her 2019 income and expenses is as follows:

Income received
Salary	$150,000
Taxes withheld from salary: Federal income tax $30,000 State income tax 8,000 Social Security tax 7,254 Medicare tax 2,175
Interest income from bank	6,000
Dividend income from U.S. stocks	4,000
Short-term capital gain	2,000
Long-term capital gain	3,000
State income tax refund from last year	500
Expenses paid:
Unreimbursed dental and eyecare costs	$1,800
Property taxes on her home	3,900
Fees paid to town for garbage pick-up	400
Stock donated to American Red Cross; FMV $5,000; purchased three years ago for $3,100
Dues paid to American Marketing Association	600
Subscription to professional marketing journals	300
Fee for preparation of 2018 tax return and IRS audit assistance	2,000
Investment advisor fee	1,000
Home mortgage interest	10,000
Interest on borrowing to purchase investment assets	11,000
Interest on car loan	1,100