Question
Jill is a single individual. In 2021, she has total income of $175,000, non-refundable tax credits of $20,000, exclusions of $20,000, deductions for AGI of
Jill is a single individual. In 2021, she has total income of $175,000, non-refundable tax credits of $20,000, exclusions of $20,000, deductions for AGI of $40,000, itemized deductions of $20,000 (assume no AGI limitations are applicable), and estimated tax payments of $3,000. What is her tax due?
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528126
