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A single taxpayer provided the following information for 2013: Salary $90,000 Interest on local government bonds (qualifies as a tax exclusion) 5,000 Allowable itemized deductions
A single taxpayer provided the following information for 2013: Salary $90,000 Interest on local government bonds (qualifies as a tax exclusion) 5,000 Allowable itemized deductions 10,000 Required: What is taxable income?
A single taxpayer provided the following information for 2013:
Salary
$90,000
Interest on local government bonds
(qualifies as a tax exclusion)
5,000
Allowable itemized deductions
10,000
Required: What is taxable income?
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