Martha Is Unmarried with One Dependent and Files as Head

question 82

Essay

Martha is unmarried with one dependent and files as head of household.She had 2019 taxable income of $45,000, which included $16,000 of 0%/15%/20% net long-term capital gain.What is her tax on taxable income using the alternative tax on net long-term capital gain method?

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Definitions:

Social Support

The perception or reality of physical and emotional comfort, assistance, and encouragement provided by others.

Benefits

Advantages or positive effects that are received or achieved from something, often used in the context of employment, social welfare, or insurance.

Wellness

A holistic approach to health that encompasses physical, mental, and social well-being.

Major Life Events

Significant occurrences that have a large impact on one’s life, requiring substantial adjustments in behavior or attitude.