Mrs. Small had the following items of financial support this year. Social Security benefits ................................................ $13,670 Pension
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Mrs. Small had the following items of financial support this year.
Social Security benefits ................................................ $13,670
Pension from her former employer ........................... 10,800
Cash gifts from her grandchildren ............................. 12,000
Mrs. Small’s pension was paid by a qualified defined-benefit plan.
Compute Mrs. Small’s AGI.
Assume the taxable year is 2018.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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