Ross Martin arrived at the following tax information: Tax Information Gross salary $ 56,145 Interest earnings 205 Dividend income 65 Standard deduction 12,000 Itemized deductions 11,250 Adjustments to income 1,200 What amount would Ross report as taxable income?
Ross Martin arrived at the following tax information: Tax Information Gross salary $ 56,145 Interest earnings 205 Dividend income 65 Standard deduction 12,000 Itemized deductions 11,250 Adjustments to income 1,200 What amount would Ross report as taxable income?
SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 26P
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Ross Martin arrived at the following tax information:
Tax Information | |||
Gross salary | $ | 56,145 | |
Interest earnings | 205 | ||
Dividend income | 65 | ||
Standard deduction | 12,000 | ||
Itemized deductions | 11,250 | ||
Adjustments to income | 1,200 | ||
What amount would Ross report as taxable income?
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