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Sergio, a single person with no dependents, has 2005 wages of $83,000, received alimony payments of $24,000, has interest income of $4,000, and a
Sergio, a single person with no dependents, has 2005 wages of $83,000, received alimony payments of $24,000, has interest income of $4,000, and a $12,000 5%/15% long term capital gain. Sergio uses the standard deduction and is age 42. Sergio was divorced in 2015. REQUIRED: (1) (2) What is Sergio's 2022 taxable income? Show all supporting computations. What is Sergio's 2022 tax liability? Show all supporting computations.
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Managerial Accounting
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
3rd edition
77826485, 978-0077722074, 77722078, 978-0077826482
