Debbie is 23 years old, a full-time student and a dependent of her parents. She earns $4,200
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Debbie is 23 years old, a full-time student and a dependent of her parents. She earns $4,200 working part-time and receives $2,200 interest on savings. She saves both the salary and interest. What is her taxable income? Would her taxable income or tax be different if Debbie were 16 years old?
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1850 salary 4200 interest 2200 standard deduction 4200 350 The taxable income woul...View the full answer
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Related Book For 
Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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