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The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses (LO 1.3,1.8)...

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Accounting

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The Tax Formula for Individuals, A Brief Overview of Capital Gains and Losses (LO 1.3,1.8)
In 2022, Manon earns wages of $54,000. She also has dividend income of $2,800. Manon is single and has no dependents. During the year, Manon sold silver coins held as an investment for a $7,000 loss.
Table for the standard deduction
\table[[Filing Status,Standard Deduction],[Single,$12,950
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