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Home / Questions / In 2012 Lou has a salary of $54000 from her job She also has interest income of $1700. Lou...

In 2012 Lou has a salary of $54000 from her job She also has interest income of $1700. Lou is single and has no dependents. During the year Lou sold silver coins held as an investment for

In 2012, Lou has a salary of $54,000 from her job. She also has interest income of $1,700. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a $7,000 loss. Calculate the following amounts for Lou: a. Adjusted gross income $___________ b. Standard deduction $___________ c. Exemption $___________ d. Taxable income $___________

Apr 05 2020 View more View Less

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