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:

C: Drive

The primary storage partition on a computer's hard drive, traditionally designated for the operating system and software installations.

Recycle Bin

A folder on a computer where deleted files are temporarily stored, allowing users to recover files they may have deleted by mistake.

Tiles

Square or rectangular individual screen elements that can be clicked on to access applications, files, or functions on devices with graphical interfaces.

Hierarchical Structure

An organizational structure where entities are arranged in a graded or ranked order within a series of levels.