Question
The following information applies to Jasmine, who is single, for 2020: Salary $56,350 Interest income from First Bank of Lexington 1,500 Dividends from Watters Company
The following information applies to Jasmine, who is single, for 2020:
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Jasmine maintains a household for her sister, who has $9,000 from Social Security. In addition, Jasmine's aunt lives with her and has income of $3,000.
Click here to access the standard deduction table to use.
Indicate whether the following items are taxable or nontaxable to Jasmine.
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Identify whether the items are deductible (fully or partially) by Jasmine.
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Jasmine's taxable income in 2020 is $
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