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Compute the taxable income for 2022 for Aiden on the basis of the following information. Aiden is married but has not seen or heard from
Compute the taxable income for 2022 for Aiden on the basis of the following information. Aiden is married but has not seen or heard from his spouse since 2020. 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 on death of aunt (Aiden was the designated beneficiary of the policy) 200,000 Inheritance received on death of aunt 100,000 Jackson (a cousin) repaid a loan Aiden made to him in 2016 (no interest was provided for) 5,000 Itemized deductions (state income tax, property taxes on residence, interest on home mortgage, and charitable contributions) 9,700 Number of dependents (children, ages 17 and 18, and mother
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