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federal tax 2021 Taxpayer, whose filing status is single, has the following amounts of income and (expenses) to report for 2021. Determine Taxpayer's AGI for
federal tax 2021
Taxpayer, whose filing status is single, has the following amounts of income and (expenses) to report for 2021. Determine Taxpayer's AGI for the year. TOTAL Business income 103,000 Business expenses Rental income (32,000) 20,000 Rental expenses (16,000) Gambling winnings 2,000 Gambling losses (2.000) Self-employment tax paid (100%) (10,032) Self-employed health insurance premiums (6,000) Mortgage interest on residence (7.200) (2.000) State income taxes paid $65,984 $71.984 $79,984 $60,968 $58,968 Nest Step by Step Solution
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