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Jeremy earned $100,000 in salary and S6,000 in interest income on corporate bonds during the year. He has one qualiying dependent children who live with
Jeremy earned $100,000 in salary and S6,000 in interest income on corporate bonds during the year. He has one qualiying dependent children who live with him (dependency exemption for 2014 is S3950) Another related information: - Determine Jeremy's taxable income if vou know that: 1-Jeremy qualifies to file as head of household and has 7,000 in itemized deductions. 2- Standard deduction for the head of house for the year 2014 equal $ 9250 3- For AGI deductions 4000 4- Excluded and deferred income 3000. Instruction Determine Sullivan's taxable income for 2014
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