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> AaBb CeDdEc AaBbCcDc AaBbcDdEt No Spacing Heading 1 Heading 2 2020 CHAPTER 4 HOMEWORK PROBLEMS Assume 2019 tax year 1. Ross Martin arrived at

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> AaBb CeDdEc AaBbCcDc AaBbcDdEt No Spacing Heading 1 Heading 2 2020 CHAPTER 4 HOMEWORK PROBLEMS Assume 2019 tax year 1. Ross Martin arrived at the following tax information: Gross salary. $56,145 Interest earnings, $1605 Dividend income, $65 Standard deduction, $12,000 Itemized deductions, $11,250 Adjustments to income, $1,200 What amount would Ross report as taxable income? (LO 4.2) 2. If Lola Harper had the following itemized deductions, should she use Schedule A or the standard deduction? The standard deduction for her tax situation is $12,000. (LO 4.2) Donations to church and other charities, $6,050 Medical and dental expenses exceeding 10 percent of adjusted gross income, $2,400 State income tax, $3,690 . . 3. Imac Brown arrived at the following tax information: Gross salary, $36,145 Additional small business income, $10,000 Interest earnings, $205 Dividend income, $65 Standard deduction, $12.000 Itemized deductions, $14,250 Adjustments (subtractions) to income, S5,000 What amount would Imari report as taxable income? (LO 4.2) . Income 201900

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