Question
28. Gin and Geo Garlic, a married couple with no dependents, had a $120,000 AGI. They spent the following: $8,000 medical, $15,000 mortgage interest, $6,000
28. Gin and Geo Garlic, a married couple with no dependents, had a $120,000 AGI. They spent the following: $8,000 medical, $15,000 mortgage interest, $6,000 interest expense on their boat, $7,000 property tax, $6,000 state tax withholdings and $5,000 charity. How much taxable income? a. $73,000 b. $81,000 c. $86,000
d. $87,000
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
