H Is a Single, Calendar Year, Individual Taxpayer

question 60

Multiple Choice

H is a single, calendar year, individual taxpayer.She has taxable income for the year 2011 of $70,000, including a net short-term capital gain of $5,000 and a net long-term (15 percent) capital gain of $30,000.The 2011 tax schedules for single taxpayers are as follows: H's federal gross income tax for 2011 is

• A)$14,000
• B)$10,625
• C)$18,125
• D)$13,625

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Wind Directions

The direction from which the wind originates, used to describe weather patterns and conditions.

Cease

To bring or come to an end; a halt or stop.

Estuary

Portion of the ocean located where a river enters and fresh water mixes with salt water.