In 2018, Ashley earns a salary of $55,000, has capital gains of $3,000, and receives interest income of $5,000. Her husband died in 2017. Ashley has a dependent son, Tyrone, who is age 8. Her itemized deductions are $9,000.
a. What is her filing status?
b. Calculate Ashley's taxable income for 2018.

Question

Quizplus · Accepted Answer

The Answer of In 2018, Ashley earns a salary of $55,000, has capital gains of $3,000, and receives interest income of $5,000. Her husband died in 2017. Ashley has a dependent son, Tyrone, who is age 8. Her itemized deductions are $9,000.
a. What is her filing status?
b. Calculate Ashley's taxable income for 2018.

In 2018, Ashley Earns a Salary of $55,000, Has Capital