Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized
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Ms. Noteboom, a single taxpayer, projects that she will incur about $13,500 of expenses qualifying as itemized deductions in both 2018 and 2019. Assuming that her standard deduction is $12,000 in both years, compute the effect on taxable income for each year if she can shift $2,500 of deductible expenses from 2018 and 2019.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2019 Edition
ISBN: 9781260161472
22nd Edition
Authors: Sally Jones, Shelley C. Rhoades Catanach, Sandra R Callaghan
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