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Saved David, age 38, is single and has the following income and expenses in 2022: Salary income Net rent income 2020) Dividend income Payment
Saved David, age 38, is single and has the following income and expenses in 2022: Salary income Net rent income 2020) Dividend income Payment of alimony (divorce finalized in March $45,000 20,500 2,300 12,000 Mortgage interest on residence 8,300 Property tax on residence 2,600 Contribution to traditional IRA (assume the amount 4,500 is fully deductible) Contribution to United Church 1,100 Loss on the sale of real estate (held for investment) 2,075 3,900 Medical expenses 1,500 State income tax 5,900 Federal income tax Daniel's standard deduction for 2022 is $12,950. 49225 A/
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