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Type only your answer in the space provided with no spaces between the $ or the % and the number. In 2013, Serena was single and lived off an inheritance. Her gross income consisted solely of $90,000 in dividends and long-term capital gains. She had no adjustments to here gross income but had $12,000 in itemized deductions and a personal exemption of $3900. Question Question How much tax does Serena owe? $_ What was her overall tax rate?. %

Type only your answer in the space provided with no spaces between the $ or the % and the number. In 2013, Serena was single and lived off an inheritance. Her gross income consisted solely of $90,000 in dividends and long-term capital gains. She had no adjustments to here gross income but had $12,000 in itemized deductions and a personal exemption of $3900. Question Question How much tax does Serena owe? $_ What was her overall tax rate?. %

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Type only your answer in the space provided with no spaces between the $ or the % and the number. In 2013, Serena was single and lived off an inheritance. Her gross income consisted solely of $90,000 in dividends and long-term capital gains. She had no adjustments to here gross income but had $12,000 in itemized deductions and a personal exemption of $3900. How much tax does Serena owe? $_ Question Question What was her overall tax rate?
Transcribed Image Text:Type only your answer in the space provided with no spaces between the $ or the % and the number. In 2013, Serena was single and lived off an inheritance. Her gross income consisted solely of $90,000 in dividends and long-term capital gains. She had no adjustments to here gross income but had $12,000 in itemized deductions and a personal exemption of $3900. How much tax does Serena owe? $_ Question Question What was her overall tax rate?
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