Daniel Simmons arrived at the following tax information: Gross salary, $54,250 ....................................Interest earnings, $75 Dividend income, $140

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Daniel Simmons arrived at the following tax information:

Gross salary, $54,250 ....................................Interest earnings, $75

Dividend income, $140 ..................................One personal exemption, $3,950

Itemized deductions, $7,000......................... Adjustments to income, $850

What amount would Daniel report as taxable income?

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Focus On Personal Finance

ISBN: 9780077861742

5th Edition

Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 20, 2018 12:00 PM

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Daniel Simmons arrived at the following tax information: Gross salary, $54,250 ....................................Interest earnings, $75 Dividend income, $140

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Focus On Personal Finance

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