Question: Comprehensive Example Ch 4 pt 1 - Online Class Salary $ 70,000.00 Corporate Bonds $ 10,000.00 Muni Bonds $ 5,000.00 For AGI Deductions $ 7,000.00
| Comprehensive Example Ch 4 pt 1 - Online Class | ||||
| Salary | $ 70,000.00 | |||
| Corporate Bonds | $ 10,000.00 | |||
| Muni Bonds | $ 5,000.00 | |||
| For AGI Deductions | $ 7,000.00 | |||
| Itemized Deductions | $ 10,000.00 | |||
| Filing Status | single | |||
| Withholding | $ 5,000.00 | |||
| Non-Refundable Credits | $ 2,000.00 | |||
| Calculate the below items | ||||
| Calculate: | 2017 tax year | 2018 tax year | ||
| Gross Income | ||||
| Adjusted Gross Income | ||||
| Taxable Income | ||||
| Income Tax Liability | ||||
| Tax Due/ (Refund) | ||||
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