Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Jorge Gomez is a single taxpayer. His SSN is 412-34-5670, and he lives at 5037 Circle Court, Crestview, IL 60543. Wages from W2 $94850 Taxable Int $250 Ordinary DIV $1600 Capital Gain $1000
We are taking the standard deduction. I'm coming up with a taxable income of $85,500. But I'm having a hard time calculating the Tax for line 12a. I believe the capital gain of $1000 should be taxed at 15% I'm not sure how to make this all fit together.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.