Determine the taxable income for the following taxpayer. Fred age 66 is unmarried He supports his grandson
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Question:
Determine the taxable income for the following taxpayer. Fred age 66 is unmarried He supports his grandson age 10 who lives with him Freds income is as follows
wages 40000
interest from a CD 2000
interest from City of Hayward municipal bonds 1200
qualified dividends 500.
Fred is not itemizing deductions this year.
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