Question
In2019, Mary had the following items: Salary$30,000 Personal use casualty gain10,000 Personal use casualty loss (after $100 floor)17,000 Other itemized deductions4,000 Assuming that Mary files
In2019, Mary had the following items:
Salary$30,000
Personal use casualty gain10,000
Personal use casualty loss (after $100 floor)17,000
Other itemized deductions4,000
Assuming that Mary files as head of household (has one dependent child), determine her taxable income for 2019.
a. $11,650
b. $12,800
c. $13,900
d. $21,900
e. None of these
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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
