During 2018, Doug incurs the following deductible expenses: $2,300 in state income taxes, $3,000 in local property
Question:
During 2018, 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 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?
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Dougs 2018 taxable income is 23000 computed as follows AGI Itemized ...View the full answer
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Related Book For 
Federal Taxation 2019 Comprehensive
ISBN: 9780134833194
32nd Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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