Melissa has the following items. What would be her federal income? Unemployment, $10,000 Disability income from SDI
Fantastic news! We've Found the answer you've been seeking!
Question:
Melissa has the following items. What would be her federal income?
- Unemployment, $10,000
- Disability income from SDI (California), $12,000
- Workman’s compensation, $5,000
- A legal settlement of $3000 for wrongful termination
- From question #1, what would be her California income?
Melissa has the following items. What would be her federal taxable income? She lives in California
- New York municipal bond interest, $2,000
- California municipal bond interest, $5,000
- Treasury bond interest, $1,000
- Mutual fund municipal interest of which 70% is California source, $1,000
- Mutual fund municipal interest of which 40% is California source, $1,000
- From question #3, what would be her California income?
Related Book For
Concepts in Federal Taxation 2017
ISBN: 9781305965119
24th edition
Authors: Kevin E. Murphy, Mark Higgins
Posted Date: