Question
Stan and his wife divorced two years ago. Stan has not remarried. His 14-year-old daughter lives with him, and he pays all the costs
Stan and his wife divorced two years ago. Stan has not remarried. His 14-year-old daughter lives with him, and he pays all the costs of maintaining their home. In 2021, Stan earned $80250 of salary from his employer, from which $6,000 of federal income tax was withheld. Stan also received $7500 of interest income from Wells Fargo Bank. He sold some Duke Energy stock for $50,000; he had paid $36000 for the stock 5 years ago. His itemized deductions come to $18,500. Stan contributed $5,000 to his traditional Individual Retirement Arrangement account (IRA). Compute the following for Stan for 2020. Stan's Filing Status Deductions for AGI Gross Income AGI Deductions from AGI Taxable Income Tax Liability . Read the question carefully. (Click to select) Enter all amounts as positive numbers, rounded to the nearest dollar, with no punctuation. Count the zeros-the software does not place commas!
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