During 2023, Doug incurs the following deductible expenses: ($2,300) in state income taxes, ($3,000) in local property
Question:
During 2023, Doug incurs the following deductible expenses: \($2,300\) in state income taxes, \($3,000\) in local property taxes, \($800\) in medical expenses, and \($2,000\) in non-cash charitable contributions. Doug is 33, single, has no dependents, and has \($35,000\) AGI for the year. What is the amount of Doug’s taxable income?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Pearsons Federal Taxation 2024 Individuals
ISBN: 9780138238100
37th Edition
Authors: Mitchell Franklin, Luke E. Richardson
Question Posted: