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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 for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
2nd edition
978-0077403485, 77403487, 73527130, 978-0073527130
