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Salary $ 22,000.00 Corporate Bonds $ 2,000.00 Muni Bonds $ 10,000.00 Ordinary Dividends $ 3,000.00 Qualified Dividends $ 3,000.00 ST Capital Gain $ 150.00 LT
| Salary | $ 22,000.00 |
| Corporate Bonds | $ 2,000.00 |
| Muni Bonds | $ 10,000.00 |
| Ordinary Dividends | $ 3,000.00 |
| Qualified Dividends | $ 3,000.00 |
| ST Capital Gain | $ 150.00 |
| LT Capital Loss | $ 1,500.00 |
| Independent Contractor Net Income | $ 17,500.00 |
| Child Support Paid | $ 3,000.00 |
| Medical Expenses | $ 700.00 |
| Unreimbursed Employee Business Expenses | $ 500.00 |
| Charitable Contributions | $ 1,750.00 |
| Alimony Paid (divorced in 2018) | $ 4,000.00 |
| Dental Expenses | $ 2,500.00 |
| Self Employment Taxes (100%) | $ 2,473.00 |
| Real Estate Taxes | $ 800.00 |
| Mortgage Interest | $ 1,450.00 |
| Filing Status | HOH |
| Dependents | 3 |
| Withholding | $ 8,000.00 |
| Non-Refundable Credits | $ 2,500.00 |
| Calculate: | |
| Gross Income | |
| Adjusted Gross Income | |
| Taxable Income | |
| Income Tax Liability | |
| Tax Due/(Refund) | |
| Marginal Tax Rate | |
| Average Tax Rate | |
| Effective Tax Rate |
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Handbook Of Financial Intermediation And Banking
Authors: Anjan V. Thakor, Arnoud Boot
1st Edition
0444515585, 978-0444515582
