Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions of $2,500 to a tax-deferred retirement account. Soyala has 3 dependents and files as head of household. What is Soyala's total income? What is Soyala's adjusted gross income? For Soyala's filing status, the standard deduction is $9,250, and the exemption amount is $4000 per exemption. What is Soyala's taxable income?
Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions of $2,500 to a tax-deferred retirement account. Soyala has 3 dependents and files as head of household. What is Soyala's total income? What is Soyala's adjusted gross income? For Soyala's filing status, the standard deduction is $9,250, and the exemption amount is $4000 per exemption. What is Soyala's taxable income?
Chapter13: Tax Credits And Payment Procedures
Section: Chapter Questions
Problem 30P
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Question
Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions of $2,500 to a tax-deferred retirement account. Soyala has 3 dependents and files as head of household.
What is Soyala's total income?
What is Soyala's adjusted gross income?
For Soyala's filing status, the standard deduction is $9,250, and the exemption amount is $4000 per exemption. What is Soyala's taxable income?
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT