Calculate the 2011 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions.
Question:
Calculate the 2011 total tax for Gordon Geist, a single taxpayer without dependents and no itemized deductions. He has an active income of $40,000, a shortterm capital gain income of $4,000 from the sale of stock, and $7,800 from book royalties.
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To calculate Gordon Geists total tax for 2011 we need to determine his taxable income first Then we ...View the full answer
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