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Compute the taxable income for 2022 for Aiden (Age 43) on the basis of the following information. Aiden is married but has not seen or
Compute the taxable income for 2022 for Aiden (Age 43) on the basis of the following information. Aiden is married but has not seen or heard from his wife since 2019. Salary $80,000 Interest on bonds issued by the City of Boston $3,000 Interest on CD issued by Wells Fargo bank 2,000 Cash dividend received on Chevron common stock 2,200 Life insurance proceeds paid upon the death of Aunt Betty (Aiden was beneficiary) $200,000 Inheritance received upon death of Aunt Betty 100,000 Jackson repaid a loan Aiden made to him in 2014 Itemized deductions 13,000 Number of dependents (children ages 17 and 18 and mother in law age 70) Compute the taxable income for 2022 for Aiden (Age 43) on the basis of the following information. Aiden is married but has not seen or heard from his wife since 2019. Salary $80,000 Interest on bonds issued by the City of Boston $3,000 Interest on CD issued by Wells Fargo bank 2,000 Cash dividend received on Chevron common stock 2,200 Life insurance proceeds paid upon the death of Aunt Betty (Aiden was beneficiary) $200,000 Inheritance received upon death of Aunt Betty 100,000 Jackson repaid a loan Aiden made to him in 2014 Itemized deductions 13,000 Number of dependents (children ages 17 and 18 and mother in law age 70)
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