During 20 2012 pam a single taxpayer reports the following

Reference no: EM13592910

During 20, 2012 , Pam, a single taxpayer, reports the following income and expense items relating to her interior design business: Pam also worked part-time during the year, earning $13,500. She reports a long-term capital gain of $4200, and a short term capital loass of 3800. Her itemized deductions total 5200.

Revenues: 52,000

COGS: 41,000

Advertising: 3,300

Office Supplies: 1,700

Rent: 13,800

Contract Labor: 28,000

1. what is Pams taxable income or less of the year?

2. What is Pams NOL for the year?

Reference no: EM13592910

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