Richard is a single taxpayer provided the following information for 2013 Salary $88,000 Interest on local government bonds (qualifies as a tax exclusion) $7000 Allowable itemized deductions $15,000 Personal exemption $3,900 Required What is his taxable income ...

In the above question it is given that Richard Single Tour pay our 88000 Interest On Lo ...

Richard is a single taxpayer provided the following information for 2013: Salary $88,000 Interest on local government

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Richard is a single taxpayer provided the following information for 2013:

Salary	$88,000
Interest on local government bonds (qualifies as a tax exclusion)	$7000
Allowable itemized deductions	$15,000
Personal exemption	$3,900

Required:

What is his taxable income?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0077400163

6th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Posted Date: Jan 07, 2021 05:15 PM

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Richard is a single taxpayer provided the following information for 2013: Salary $88,000 Interest on local government

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Intermediate Accounting

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