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Mark D
Mark D, Enrolled Agent
Category: Tax
Satisfied Customers: 1281
Experience:  MBA, EA, Specializing in Business and Individual Tax Returns and Issues
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Ashley earns a salary of $35,000, has capital gains of $4,000,

Resolved Question:

Ashley earns a salary of $35,000, has capital gains of $4,000, and interest income of $3,000 in 2008. Her husband died in 2007. Ashley has a dependent son, Tyrone, who is age 8. Her itemized deductions are $8,000.

Calculate Ashley's taxable income for 2008.

What is her filing status?
Submitted: 6 years ago.
Category: Tax
Expert:  Mark D replied 6 years ago.
Hello again!

  • 42K AGI
  • (10.9K) Standard deduction for qualifying Widower
  • (7K) 2 exemptions at $3.5K apiece
  • $24,100 taxable income
She would file as a qualifying widower with dependent child.

Please let me know if you have further questions.


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