Donna files as head of household in 2011 and has taxable

Reference no: EM13581374

Donna files as head of household in 2011 and has taxable income of $90,000, including the sales of a stock held as an investment for two years at a gain of $20,000. Only one asset was sold during the years and Donna does not have any capital loss carryovers.
A. What is the amount of Donna%u2019s tax liability?
B. What is the amount of Donna%u2019s tax liability if the stock is held for 11 months?

Reference no: EM13581374

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Donna files as head of household in 2011 and has taxable

Reference no: EM13581374

Reference no: EM13581374

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