4. Use Tax Table. Joseph Addai determined the following tax information: gross salary, $59,400; interest earned, $90;

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4. Use Tax Table. Joseph Addai determined the following tax information: gross salary, $59,400; interest earned,

$90; IRA contribution, $1000; personal exemption,

$3650; and itemized deductions, $3950. Calculate Joseph’s taxable income and tax liability fi ling single.

(Hint: Use Table 4.3.)

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Personal Finance

ISBN: 9781439039021

10th Edition

Authors: E Thomas Garman, Raymond E Forgue

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Question Posted: Jul 24, 2024 03:05 AM

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4. Use Tax Table. Joseph Addai determined the following tax information: gross salary, $59,400; interest earned, $90;

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Personal Finance

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