hn and georgia are a married couple with two dependent sons. their salaries total $130,000. They have a capital loss of $8,000 and tax-exempt interest income of $1,000. they pair home mortgage interest of $10,000, state income taxes of $4,000 and medical expenses of $3,000 and they made charatible contributions of $5,000 (teh tax year is 2018) 1)AGI 2)Itemized deductions
hn and georgia are a married couple with two dependent sons. their salaries total $130,000. They have a capital loss of $8,000 and tax-exempt interest income of $1,000. they pair home mortgage interest of $10,000, state income taxes of $4,000 and medical expenses of $3,000 and they made charatible contributions of $5,000 (teh tax year is 2018) 1)AGI 2)Itemized deductions
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 38P
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John and georgia are a married couple with two dependent sons. their salaries total $130,000. They have a capital loss of $8,000 and tax-exempt interest income of $1,000. they pair home mortgage interest of $10,000, state income taxes of $4,000 and medical expenses of $3,000 and they made charatible contributions of $5,000 (teh tax year is 2018)
1)AGI
2)Itemized deductions
3) personal exemptions
4)calculate taxable income
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT