Question: Lois, who is single, received $ 9 , 0 0 0 of Social Security benefits. She also received $ 2 5 , 0 0 0

Lois, who is single, received $9,000 of Social Security benefits. She also received $25,000 from dividends, interest, and her employer's pension plan. If Lois sells a capital asset that produces a $1,000 recognized loss, Lois's taxable income will decrease by $1,000.
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