Imari Brown arrived at the following tax information: 1. Gross salary, $36,145 2. Additional small business income,

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Imari Brown arrived at the following tax information:

1. Gross salary, $36,145

2. Additional small business income, $10,000

3. Interest earnings, $205

4. Dividend income, $65

5. Standard deduction, $12,550

6. Itemized deductions, $14,250

7. Adjustments (subtractions) to income, $5,000

8. What amount would Imari report as taxable income?

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Personal Finance

ISBN: 9781264101597

14th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart

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Question Posted: Nov 10, 2023 10:02 PM

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Imari Brown arrived at the following tax information: 1. Gross salary, $36,145 2. Additional small business income,

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Step 1 Calculate Adjusted Gross Income AGI AGI Gross ...View the full answer

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