Business, 22.02.2020 00:21 pennygillbert

In 2016, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400. Lou is single and has no dependents. During the year, Lou sold silver coins held as an investment for a $7,000 loss. Table for the standard deduction Filing Status 2016 Standard DeductionSingle $ 6,300Married, filing jointly 12,600Married, filing separately 6,300Head of household 9,300Qualifying widow(er) 12,600Calculate the following amounts for Lou:a. Adjusted gross income $b. Standard deduction $c. Exemption $d. Taxable income

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In 2016, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and divide...

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