Hello! I am struggling with a homework problem of mine. It is from my concepts in federal taxation text book. They are asking what the taxable income and tax liability for a single individual is. They gave me this information: Total income : 118,000 Exculdable income: 2,000 Deductions for adjusted gross income: 2,500 Deductions from adjusted gross income: 8,000 Any help would be appreciated!

Hello! I am struggling with a homework problem of mine. It is from my concepts in federal taxation text book. They are asking what the taxable income and tax liability for a single individual is. They gave me this information: Total income : 118,000 Exculdable income: 2,000 Deductions for adjusted gross income: 2,500 Deductions from adjusted gross income: 8,000 Any help would be appreciated!

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter1: Introductin To Taxation

Section: Chapter Questions

Problem 11P

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