Samuel, Head of Household with Two Dependents, Has 2012 Wages

question 65

Essay

Samuel, head of household with two dependents, has 2012 wages of $26,000, paid alimony of $3,000, has taxable interest income of $2,000, and a $12,000 0%/15% net long-term capital gain. Samuel uses the standard deduction and is age 38. What is his 2012 taxable income and the tax on the taxable income?

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Definitions:

Deception

The act of misleading or lying to others, often used as a tactic in research to maintain the integrity of the study’s outcome.

Random Assignment

A method used in experiments to evenly distribute participants across treatment and control groups, minimizing bias.

Random Sampling

A method in statistics where individuals are selected from a larger population in such a way that each individual has an equal chance of being chosen.

Informed Consent

The process of providing individuals with all necessary information regarding a procedure or research study, allowing them to make an informed decision about their participation.