Question
During the current year, a taxpayer collected: $600 interest in US Treasury bills $900 Escambia County School Bond Interest $200 from a state income tax
During the current year, a taxpayer collected:
$600 interest in US Treasury bills
$900 Escambia County School Bond Interest
$200 from a state income tax refund (you itemized your deductions last year).
He also received $400 in dividends from US common stock.
What is his gross income?
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Step: 1
The taxpayers gross income is 2100 calculated as f...
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South-Western Federal Taxation 2018 Comprehensive
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
41st Edition
1337386006, 978-1337386005
