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Beverly is 72 years old and has net income for tax purposes of $56,000. Assume that the limitation of the age tax credit begins at
Beverly is 72 years old and has net income for tax purposes of $56,000. Assume that the limitation of the age tax credit begins at $37,500 and that the base amount of the credit is $7,400. What is the age tax credit for Beverly under these assumptions?
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Beverlys net income for tax purposes is 56000 The limitation of the age tax credit starts at 37500 ...
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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
