I:8-47 Itemized Deductions. During 2022, Doug incurs the following deductible expenses: $2,300 in state income taxes, $3,000

Question:

I:8-47 Itemized Deductions. During 2022, Doug incurs the following deductible expenses:

$2,300 in state income taxes, $3,000 in local property taxes, $800 in medical expenses, and $2,000 in non-cash charitable contributions. Doug is 33, single, has no dependents, and has $35,000 AGI for the year. What is the amount of Doug’s taxable income?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Pearsons Federal Taxation Corporations Partnerships Estates And Trust 2023

ISBN: 9780137730391

36th Edition

Authors: KENNETH E. ANDERSON, DAVID S. HULSE, TIMOTHY J. RUPERT Richard J. Joseph LeAnn Luna

Question Posted: