Terry has the following sources of income: Wages $55,000; interest from State of South Carolina $800; interest
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Terry has the following sources of income: Wages $55,000; interest from State of South Carolina $800; interest from Wells Fargo savings account $80; Dividends from BMW stock of $120: Increase in value of BMW stock during the year of $1,700; Gift from her Grandmother of $1,000; Income from a restaurant that she is a partner in of $2,000; Value of qualified fringe benefit from employer of $2,200 and unemployment compensation while in between jobs of $1,200. Compute Form 1040 for Terry. If a particular source was not used – list that source and explain why not used.
Related Book For
Statistics for Managers Using Microsoft Excel
ISBN: 978-0133130805
7th edition
Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat
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