Xialu is a single taxpayer who is under age 65 and in good health. For 2020, she
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Xialu is a single taxpayer who is under age 65 and in good health. For 2020, she has a salary of $25,000 and itemized deductions of $7,000. Leslie allows her mother to live with her during the winter months (3–4 months per year), but her mother provides all of her own support otherwise.
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a. How much is Leslie's adjusted gross income? b. What amount of itemized or standard deduction (s) should she claim? c. What is the amount of Leslie's taxable income?
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a 25000 b 12400 the gr...View the full answer
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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