In 2014, Ashley earns a salary of $55,000, has capital gains of $3,000, and receives interest income of $5,000. Her husband died in 2013. Ashley has a dependent son, Tyrone, who is age 8. Her itemized deductions are $9,000.
a. Calculate Ashley's taxable income for 2014.
b. What is her filing status?

Question

Quizplus · Accepted Answer

The Answer of In 2014, Ashley earns a salary of $55,000, has capital gains of $3,000, and receives interest income of $5,000. Her husband died in 2013. Ashley has a dependent son, Tyrone, who is age 8. Her itemized deductions are $9,000.
a. Calculate Ashley's taxable income for 2014.
b. What is her filing status?

In 2014, Ashley Earns a Salary of $55,000, Has Capital