Question
Barry Kline, age 45, is an unmarried taxpayer. During the current tax year he had received wages of $45,000. Barry also paid his ex-wife alimony
Barry Kline, age 45, is an unmarried taxpayer. During the current tax year he had received wages of $45,000. Barry also paid his ex-wife alimony from a 2021 divorce of $9,000. Barry has no dependents had itemized deductions of $7,500. Compute the amount of his taxable income.
Adjusted Gross Income?
Standard Deduction?
Taxable Income?
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Step 1 AGI is a persons total taxable income minus certain adjustments or deductions AGI is used to ...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
