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Problem 9-12 (b) (LO. 1, 2, 3) The following information applies to Zachary, who is single, for 2018: Salary Alimony paid to his ex-wife (decree
Problem 9-12 (b) (LO. 1, 2, 3) The following information applies to Zachary, who is single, for 2018: Salary Alimony paid to his ex-wife (decree executed prior to January 1, 2019) Child support payments Cash prize from lottery Capital gain from sale of personal sail boat Appreciation in value of land purchased for investment Capital loss from sale of corporate stock Number of potential dependents Age $73,000 12,200 9,000 10,000 6,000 25,000 (2,000) 51 Zachary maintains a household for his uncle, who lives in another state. His uncle earned $23,000 Click here to access the standard deduction table to use Indicate whether the following items are taxable or nontaxable to Zachary, Capital gain from sale of personal sail boat Cash prize from lottery Salary Appreciation in value of land purchased for investment Taxable Taxable Taxable Not taxable V Problem 9-12 (b) (LO. 1, 2, 3) The following information applies to Zachary, who is single, for 2018: Salary Alimony paid to his ex-wife (decree executed prior to January 1, 2019) Child support payments Cash prize from lottery Capital gain from sale of personal sail boat Appreciation in value of land purchased for investment Capital loss from sale of corporate stock Number of potential dependents Age $73,000 12,200 9,000 10,000 6,000 25,000 (2,000) 51 Zachary maintains a household for his uncle, who lives in another state. His uncle earned $23,000 Click here to access the standard deduction table to use Indicate whether the following items are taxable or nontaxable to Zachary, Capital gain from sale of personal sail boat Cash prize from lottery Salary Appreciation in value of land purchased for investment Taxable Taxable Taxable Not taxable V
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