Question
Patty receives $20,000 in social security payments for 2021. She also received $4,000 in interest income. She received no other income for 2021. How much
Patty receives $20,000 in social security payments for 2021. She also received $4,000 in interest income. She received no other income for 2021. How much of her Social Security payments are taxable is she files as Single?
Jeremy earned $100,000 in salary and $6,000 in interest income. His employer withheld $11,000 in taxes from his salary. He does not itemized deductions. If he files as Head of Household, determine Jeremys tax refund or tax due.
Saras total income is $200,000; she paid alimony of $30,000 (divorce agreement executed on 4/1/10) and her taxable income is $120,000. What is her Adjusted Gross Income?
Toni donated 100 shares of Disney stock to her church. She paid $2,000 for the shares on 2/1/10. The stock is now worth $10,000. She does not itemize deductions. How much can she deduct as a charitable contribution on her tax return ?
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