Question
Jim is single and earned wages of $53,717 in 2019. He also earned $2,255 in tips and contributed $1,816 to a tax-deferred retirement plan. He
Jim is single and earned wages of $53,717 in 2019. He also earned $2,255 in tips and contributed $1,816 to a tax-deferred retirement plan. He will use his 2019 standard deduction of $12,200 rather than itemizing his deductions, and he claims no child/dependent tax credits.
Calculate Jim's adjusted gross income
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
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