Question
7. Antonio earned wages of $45100, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. Assume that he
7. Antonio earned wages of $45100, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. Assume that he will file as a single person and take the standard deduction.
a. What is his gross income?
b. What is his adjusted gross income?
c. What is his taxable income?
d. How much income tax does he owe?
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Financial Freedom
Authors: Timothy Turner
1st Edition
1801573573, 978-1801573573
