LO.1, 8 Compute the taxable income for 2012 for Andrea on the basis of the following information.
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LO.1, 8 Compute the taxable income for 2012 for Andrea on the basis of the following information. Her filing status is single.
Salary $90,000 Interest income from bonds issued by IBM 3,000 Alimony payments received 3,600 Contribution to traditional IRA 5,000 Gift from grandparents 30,000 Short-term capital gain from stock investment 3,000 Amount lost in football office pool (sports gambling is against the law where Andrea lives) 1,500 Number of potential dependents (two cousins, who live in Canada) ?
Age 40
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Related Book For
South Western Federal Taxation 2013 Individual Income Taxes
ISBN: 9781133189558
36th Edition
Authors: William Hoffman, James E. Smith
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