Question
Ron adn Gayle, both over 65 years of age, have the following sources of income: Wages $36,000 Interest Income $4,000 Tax exempt interest $4,000 Social
Ron adn Gayle, both over 65 years of age, have the following sources of income:
Wages $36,000
Interest Income $4,000
Tax exempt interest $4,000
Social Security Benefits $12,000
Ron and Gayle have itemized diductions of $16,000. Compute their taxable income.
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Financial Accounting
Authors: Carl Warren, James M. Reeve, Philip E. Fess
8th Edition
0324025394, 978-0324025392
