From the following information determine the total 2019 tax due for Charlene and Dick Storm, assuming they
Question:
From the following information determine the total 2019 tax due for Charlene and Dick Storm, assuming they file a joint return, have three dependents, and are not members of a qualified retirement plan.
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Dick's Wages Charlene's Wages Dick's Contribution to an IRA Charlene's Contribution to an IRA Charlene's Self-Employment Income Tax Preference Items General Business Credit Housing Interest Consumer Interest Property Taxes $66,000 41,000 2,000 800 80,000 50,000 7,000 15,000 2,000 12,000
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Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
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