Question: Use the 2 0 2 3 law. Please explain clearly Jim is 6 8 single and retired. Here is his income. Social Security Income 1

Use the 2023 law. Please explain clearly
Jim is 68 single and retired. Here is his income.
Social Security Income15,000
Chase Interest Income5,000
Municipal bond interest5,000
Qualifying dividends5,000
He has itemized deductions of $10,000. Compute his tax liability.

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