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I dont know if this can be answered by an accountant in finance or taxation please help. Michelle, a single taxpayer, has provided you with
I dont know if this can be answered by an accountant in finance or taxation please help. Michelle, a single taxpayer, has provided you with the following tax information for the 2017 tax year Salary Any Bank, USA savings interest State of Ohio revenue bond interest Capital gain on stock held 11 months Capital gain on stock held 16 months Capital gain on antique furniture held 30 months Capital loss on personal automobile held 42 months Itemized deductions $120,000 1.500 300 3,000 7,000 2,000 (2,500) 8,000 Requirements: a) Compute the taxpayers taxable income. You must clearly identify (label) each com ponent in order to receive credit b) Compute the taxpayer's tax liability. Be sure to provide supporting calculations for your tax determination c) Your solution must be typed, but may be formatted using Excel, Word, or PDF. Hand- written solutions will not be graded
I dont know if this can be answered by an accountant in finance or taxation please help.
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