Robin, a single taxpayer under age 65, reported adjusted gross income of $170,350 for 2020. Included in
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Robin, a single taxpayer under age 65, reported adjusted gross income of $170,350 for 2020. Included in the adjusted gross income is $30,000 of long-term capital gains on the disposition of property held over 12 months. Robin claims the standard deduction. What is the amount of Robin's 2020 Taxable income?
$170,350 |
$157,950 |
$127,950 |
$85,525 |
Related Book For
South western Federal Taxation 2017 Essentials of Taxation Individuals and Business Entities
ISBN: 9780357109144
20th edition
Authors: William A. Raabe, David M. Maloney, James C. Young, Annette Nellen
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