Hal is single and in 2019 he obtained IRS permission to change from the calendar year to
Question:
Hal is single and in 2019 he obtained IRS permission to change from the calendar year to a fiscal year ended August 31, 2019. Hal earned $92,000 through August 31, 2019 and had $14,000 in itemized deductions during January 1 through August 31, 2019. What is Hal's gross tax liability for the short period?
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To calculate Hals gross tax liability for the short period from January 1 2019 to August 31 2019 we ...View the full answer
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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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