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1. Compute the taxable income for 2020 for Marvin on the basis of the following information. His filing status is single. Salary Interest income from
1. Compute the taxable income for 2020 for Marvin on the basis of the following information. His filing status is single.
Salary Interest income from bonds issued by City of Sacramento Alimony payments made Contribution to traditional IRA Gift from grandparents Capital loss from stock investment Amount won in football office pool(Sports gambling is against the law where Marvin lives) Number of dependents (uncle and aunt who live in another state) Age | 80000 2000 7200 5000 40000 (4000) 2500 2 40 |
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