Computing Taxable Income. Thomas Franklin arrived at the following tax information: Gross salary .....................................$46,910 Interest earnings ...................................$225

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Computing Taxable Income. Thomas Franklin arrived at the following tax information:

Gross salary .....................................$46,910

Interest earnings ...................................$225

Dividend income ...................................$80

One personal exemption ...................$3,650

Itemized deductions..........................$7,820

Adjustments to income.....................$1,150

What amount would Thomas report as taxable income?

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Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

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Question Posted: May 23, 2013 05:12 AM

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Computing Taxable Income. Thomas Franklin arrived at the following tax information: Gross salary .....................................$46,910 Interest earnings ...................................$225

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