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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?


Definitions:

Epidermis

The outermost layer of cells in both plants and animals, serving as a protective barrier against the environment.

Archenteron

The primary gut that forms during gastrulation in the developing embryo.

Gray Crescent

The grayish area of cytoplasm that marks the region where gastrulation begins in an amphibian embryo

Developmental Determinants

Factors that influence the growth and differentiation process of an organism from its embryonic stage to maturity.

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