Calculate Margaret's taxable income? What impact will an additional tax credit have on your federal income taxes
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Calculate Margaret's taxable income? What impact will an additional tax credit have on your federal income taxes owed?
State income tax $2,150 Charitable gifts $1,25
You are in the 24 percent marginal tax bracket and itemize deductions.
Margaret Moore is single and her adjusted gross income in 2019 was $73,000. She had the following expenses: Medical expenses $4,500 Mortgage interest$11,000 Property taxes $2,750 0
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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