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6/19/2020 Jared Goff, of Los Angeles, determined the following tax information: gross salary, $140,000; interest earned, $1,000; IRA contribution, $5,000; personal exemption, $4,050; and itemized
6/19/2020 Jared Goff, of Los Angeles, determined the following tax information: gross salary, $140,000; interest earned, $1,000; IRA contribution, $5,000; personal exemption, $4,050; and itemized deductions, $8,000. Calculate Jared's taxable income and tax liability filing single. (Hint: Use Table 4-2.) Round your answer for taxable income to the nearest dollar and answer for tax liability to the nearest cent
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