Please Compute Gross Income, Adjusted Gross income, and Taxable income based on the following information below. Salary
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Please Compute Gross Income, Adjusted Gross income, and Taxable income based on the following information below.
| Salary | $299,750.00 | |
| Interest income | $230.00 | |
Municiple Bond interest | $450.00 | |
Treasure bond Interest | $675.00 | |
| Dividends | $1,885.00 | |
Short-Term Capital Gain (SBUX STOCK) | $0.00 | |
Short-Term Capital Gain (AMZN STOCK) | -$4,350.00 | |
Short-Term Capital Gain (UA Stock) | $26.45 | |
Long-term Capital Gain (AAPL STOCK) | $3,000.00 | |
Daycare cost for child #1 | $10,000.00 | |
Dentist fees (unreimbursed by insurance) | $10,500.00 | |
Prescription cost(reimbursed by insurance) | $1,380.00 | |
Mortgage Interest | $13,478.00 | |
Property Taxes Paid | $4,144.00 | |
Vehicle registration fee | $1,250.00 | |
| Fee faid to CPA | $2,000.00 | |
Gym Membership from employer | $600.00 | |
401K contributions | $23,980.00 | |
Employer match | $17,985.00 | |
Healthcare savings account contribution | $2,600.00 | |
Red Cross Donation | $1,000.00 | |
Food bank Donation | $2,500.00 | |
Church donation | $3,750.00 | |
Goodwill donation | $450.00 |
Expert Answer:
Particular Amount Note No Salary 29975000 Interest Income 23000 Municipal Bond 45000 1 Treasure bo... View the full answer
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