Mr. and Mrs. L had the following income items: Dividend eligible for 0% preferential rate $ 3,400
Question:
Dividend eligible for 0% preferential rate ………………$ 3,400
Capital gain eligible for 0% preferential rate ………….. 2,900
Mrs. L’s salary ………………………………………….. 24,325
Mr. L is age 66, and Mrs. L is age 68. Their itemized deductions totaled $6,390, and they have no dependents. Compute their income tax on a joint return.
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Mr and Mrs Ls total income 30625 Abovetheline deductions 0 AGI 30625 Standard deduct...View the full answer
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Related Book For 
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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