A single individual has taxable wages of $70,000 for 2021. The individual received an inheritance of $5,000
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Question:
A single individual has taxable wages of $70,000 for 2021. The individual received an inheritance of $5,000 in cash, earned $500 in dividends
on a stock portfolio, and had $1 200 interest from municipal bonds The individual has itemized deductions of $13 000
What is the individual's tax liability for 2021?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: