Question: Problem 14-04 (Static) (LO 14-3] Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized deductions in both

Problem 14-04 (Static) (LO 14-3] Ms. Noteboom, a single taxpayer, projects

Problem 14-04 (Static) (LO 14-3] Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized deductions in both 2021 and 2022. Required: Assuming that her standard deduction is $12,550 in both years, compute the effect on taxable income for each year if she can shift $2,500 of deductible expenses from 2021 and 2022. Amount 2021 taxable income by by 2022 taxable income

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