John Q. Taxpayer
Your taxpayer is a single construction worker. He worked for two
different construction companies in 2023. One of his employers sent him
a W-2 with the following details:
Wages: $40,000
Taxes Withheld: $4,000
His second employer sent him a W-2 with the following details:
Wages: $30,000
Taxes Withheld: $3,000
He was smart and bought $10,000 worth of SMCI stock a couple years
ago. Last year, he sold it all for $60,000. He held the stock for more than
one year the profit is long-term capital gain.
Those are the only relevant facts. This taxpayer will owe the IRS money,
tell me how much.
Your answer
*
100 points
Sign out
Apr 23
10:50