Daniel needs help determining is Taxable Income. He has given you the following facts for 2019. Daniel,
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Question:
Daniel needs help determining is Taxable Income. He has given you the following facts for 2019. Daniel, lives in Idaho, and maintains a household for himself and his son age 9 years old that he rents in Hayden Lake. He provides full time support for his son and his son has lived with him full time since his ex-wife died 5 years ago.
Daniel works at Costco and received W-2 wages of $59,000
Bonus of $3,000
Short-term Stock Sale Gain of $750
Short-term Stock Sale Loss of -$350
Ordinary dividends of $130
Idaho income tax of $3,540
What is Daniel's taxable income for 2019?
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