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Computation of taxable income. The following information relates to Tom a single taxpayer age of 18: Wages $7,000 Taxable interest income $425 Itemized deductions $310

Computation of taxable income.

The following information relates to Tom a single taxpayer age of 18:

Wages $7,000

Taxable interest income $425

Itemized deductions $310

a. Compute Tom's Taxable income assuming he's self-supporting

b. Compute Tom's taxable income assuming he is a dependent of his parents

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