Tom is 65. On his 1099R. THIS IS THE 2022 TAX LAW. His gross distribution is $16000.

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Tom is 65. On his 1099R. THIS IS THE 2022 TAX LAW.

His gross distribution is $16000. The taxable amt is $16000. His Federal Income Tax withheld is $1600.

Tom made the maximum contribution to his IRA of $7000.

For his 1040:

What is Tom's IRA Distribution?

What are his Pensions and Retirement?

What is his Social Security Benefits?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Aug 08, 2022 08:01 PM

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Tom is 65. On his 1099R. THIS IS THE 2022 TAX LAW. His gross distribution is $16000.

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ANSWER a 16000 The entire sum of money that Tom has taken out of his IRA account is known as his IRA ... View the full answer

Income Tax Fundamentals 2013

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