Question: the following ction and Basic Tax Model 29. LO.1 Compute the taxable income for 2019 for Aiden on the basis of the fa information. Aiden

the following ction and Basic Tax Model 29. LO.1 Compute the taxable income for 2019 for Aiden on the basis of the fa information. Aiden is married but has not seen or heard from his wife si wife since 2017 $ 80,000 3,000 2,000 2,200 200,000 100,000 Salary Interest on bonds issued by City of Boston Interest on CD issued by Wells Fargo Bank Cash dividend received on Chevron common stock Life insurance proceeds paid upon death of aunt (Aiden was the designated beneficiary of the policy) Inheritance received upon death of aunt Jackson (a cousin) repaid a loan Aiden made to him in 2013 (no interest was provided for) Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and charitable contributions) Number of dependents (children, ages 17 and 18, and mother-in-law, age 70) Age 5,000 9,700 43
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