Jared Goff, of LA, determined the following tax information: Gross Salary: $170,000 Interest Earned: $7,000 IRA Contribution: $5,000 Standard Deduction: $12,200 Filing Single, calculate Jared's taxable income and tax liability. Tax Liability: blank1 - Numeric Answer     Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter14: Property Transactions: Capital Gains And Losses, § 1231, And Recapture Provisions
Section: Chapter Questions
Problem 67P
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Jared Goff, of LA, determined the following tax information:
Gross Salary: $170,000
Interest Earned: $7,000
IRA Contribution: $5,000
Standard Deduction: $12,200
Filing Single, calculate Jared's taxable income and tax liability.
Tax Liability:
blank1 - Numeric Answer
 

 

Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.
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