Calculate the warrens income tax liability


Warren, age 26, is single. Warren's son lives with the child's mother, who has waived her right to claim the child. Warren's adjusted gross income for 2013 is $32,875.
Included in this total is $5,000 of long-term capital gain from the sale of an asset held over 12 months and $1,000 of taxable long-term capital gain from the sale of a collectible. Warren claims the standard deduction and two personal exemptions.
Warren's income tax liability for 2013 is?

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Accounting Basics: Calculate the warrens income tax liability
Reference No:- TGS0691560

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