Ross Martin arrived at the follwoing tax information: Gross salary $56,145 Interest earnings $205 Divident income $65 Standard deduction $12000 Itemized deductions $11,250 Adjustments to income $1,200 What amount would Ross report as taxable income?
Ross Martin arrived at the follwoing tax information: Gross salary $56,145 Interest earnings $205 Divident income $65 Standard deduction $12000 Itemized deductions $11,250 Adjustments to income $1,200 What amount would Ross report as taxable income?
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 29P
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Question
Ross Martin arrived at the follwoing tax information:
Gross salary $56,145
Interest earnings $205
Divident income $65
Standard deduction $12000
Itemized deductions $11,250
Adjustments to income $1,200
What amount would Ross report as taxable income?
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