8.Jim is 68 and single and retired. Here is his income. Social Security Income15,000 Chase Interest Income5,000
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8.Jim is 68 and single and retired. Here is his income.
Social Security Income15,000
Chase Interest Income5,000
Municipal bond interest5,000
Qualifying dividends5,000
He has itemized deductions of $10,000.
Compute his tax liability. Use 2019 tax law.
Please use current tax rates, exemptions, and laws.
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