Mr. RG, an unmarried individual, had the following income items: Salary ..$512,100 Interest income 19,700 Dividend
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Salary ……………………………………..$512,100
Interest income …………………………… 19,700
Dividend eligible for 20% rate ……………. 31,000
He had $34,000 itemized deductions (none of which were medical expense, investment interest expense, or casualty, theft, or gambling loss) and four dependent children (ages 5 through 15) plus two dependent parents who live in his home. Using the work-sheets in Appendices 14-A and 14-B, compute Mr. RG’s income tax.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2016 Edition
ISBN: 9781259549250
19th Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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