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Practice Problem Daniel, age 38 , is single and has the following income and expenses in 2022: Instructions: 1. Calculate Daniel's AGI 70500 2. Determine
Practice Problem Daniel, age 38 , is single and has the following income and expenses in 2022: Instructions: 1. Calculate Daniel's AGI 70500 2. Determine if Daniel should itemize or tax the standard deduction. 15,500, l temize 3. Calculate Daniel's taxable income. 4. Calculate Daniel's income tax liability. 5. Determine if Daniel should receive a refund or owe tax. 6. Prepare the tax forms for Daniel (1040, Schedule 1, Schedule A, Schedule B)
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