This year, Lance, a single taxpayer, received a salary of $90,000 and dividend income of $5,000 He also purchased a home and paid the following expenses Real estate taxes on home $9,600 Automobile registration based on car 's value 500 Interest on debt of $800,000to buy home 8,000 Charitable contri...

To calculate Lances taxable income well first need ...

This year, Lance, a single taxpayer, received a salary of $90,000 and dividend income of $5,000. He

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This year, Lance, a single taxpayer, received a salary of $90,000 and dividend income of $5,000. He also purchased a home and paid the following expenses.

Real estate taxes on home	$9,600
Automobile registration based on car's value	500
Interest on debt of $800,000to buy home	8,000
Charitable contributions	6,000
Investment management fees	4,000