Martha Is Single with One Dependent and Files as Head

question 143

Essay

Martha is single with one dependent and files as head of household. She had 2012 taxable income of $45,000 which included $16,000 of 0%/15% 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:

Firearms

Weapons capable of firing a projectile using gunpowder or another propellant, including guns, rifles, and pistols.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment.

Affective Response

An emotional reaction or response to stimuli, reflecting a person's feelings or emotions.

Appetite Change

A noticeable alteration in the desire to eat, which can include both an increase or decrease in hunger levels.