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Mary (age 33) is a single taxpayer with adjusted gross income for 2009 of $21,040. Mary maintains a home for two dependent children and has
Mary (age 33) is a single taxpayer with adjusted gross income for 2009 of $21,040. Mary maintains a home for two dependent children and has itemized deductions of $3,000. Calculate the following amounts for Mary's 2009 income tax return:
a. The number of exemptions claimed
b. Mary's standard or itemized deduction amount
c. Mary's taxable income
USE 2009 Standard Deduction & Exemption Amounts.
a. The number of exemptions claimed
b. Mary's standard or itemized deduction amount
c. Mary's taxable income
USE 2009 Standard Deduction & Exemption Amounts.
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Step: 1
a For the tax year 2009 the standard exemption amount was 3650 Since Mary is a single t...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
