Hannah will use the single filing status when she files her 2021 return. During the...
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Hannah will use the single filing status when she files her 2021 return. During the year, she sold 150 shares of ELM stock. She had owned the shares since 2017.and her gain was $2/800. she has no prior years carryover losses, and the only other income consisted of $52,000 in wages. With her wage income and her gain from the sale of her stock, her 2021 adjusted gross income is $54, 800 and her taxable income $39,450.
How much tax will Hannah owe on her gain from the sale of ELM stock?
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