In 2015, Len has a salary of $40,700 from his job. He also has interest income of $400. Len is single and has no dependents. During the year, Len sold stock held as an investment for a $10,000 loss. Calculate the following amounts for Len:
a.Adjusted gross income
b.Standard deduction
c.Exemption
d.Taxable income
e.Tax liability

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The Answer of In 2015, Len has a salary of $40,700 from his job. He also has interest income of $400. Len is single and has no dependents. During the year, Len sold stock held as an investment for a $10,000 loss. Calculate the following amounts for Len:
a.Adjusted gross income
b.Standard deduction
c.Exemption
d.Taxable income
e.Tax liability

In 2015, Len Has a Salary of $40,700 from His