In 2018, Melissa uses the single filing status, and has $54,000 of taxable income that...
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Accounting
In 2018, Melissa uses the single filing status, and has $54,000 of taxable income that includes the following:
Long-term capital gain from the sale of ABC Corp stock - $21,000
Long-term capital gain from the sale of a stamp collection - $9,800
Long-term capital loss from the sale of antique vase - $ (3,400)
Short-term capital loss from the sale of XYZ Corp. stock - $ (1,600)
Qualified dividend income - $7,800
How much is ordinary income for 2018?
How much is the total tax liability for 2018?
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