Martha Is Single with One Dependent and Files as Head

question 73

Essay

Martha is single with one dependent and files as head of household.She had 2011 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?

---

Definitions:

Forceps

A medical instrument resembling a pair of tongs, used for grasping, manipulating, or extracting, especially in deliveries to assist in childbirth.

Vacuum Extraction Tube

A device typically used during childbirth to assist in the delivery of a baby by applying suction to the baby’s head.

Fetus In Distress

A term denoting a condition in which a fetus does not receive adequate oxygen during pregnancy or labor, which may lead to complications if not promptly addressed.

Oxytocin

A substance that functions as both a hormone and neurotransmitter, playing key roles in the processes of childbirth and milk production, while also contributing to the development of social connections and trust.