The following information relates to Tom, a single taxpayer, age 18: Salary $1,800 Interest income
Question:
Salary ………………………… $1,800
Interest income ………………… 1,600
Itemized deductions …………… 600
a. Compute Tom’s taxable income assuming he is self-supporting.
b. Compute Tom’s taxable income assuming he is a dependent of his parents.
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Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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