Kate, who is single, had the following items for the current year: Salary of...
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Accounting
Kate, who is single, had the following items for the current year: Salary of $80,000 Gain of $20,000 on the sale of 1244 stock aquired two years earlier. Loss of $75,000 on the sale if 1244 stock aquires three years earlier. worthless stock of $15,000. The stock was aquired on February 1 of the prior year and because worthless on January 15 of the current year. Kate had itemized deductions of $14,300 for the current year. what is her AGU? what is her Taxable Income? what is her Tax Liability? what is her Effective Tax Rate? what is her Marginal Tax Rate?
Salary of $80,000
Gain of $20,000 on the sale of 1244 stock aquired two years earlier.
Loss of $75,000 on the sale if 1244 stock aquires three years earlier.
worthless stock of $15,000. The stock was aquired on February 1 of the prior year and because worthless on January 15 of the current year.
Kate had itemized deductions of $14,300 for the current year.
what is her AGU?
what is her Taxable Income?
what is her Tax Liability?
what is her Effective Tax Rate?
what is her Marginal Tax Rate?
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