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this uses 2019 information and tax law Andrew, who is single, retired from his job this year. He received a salary of $22,000 for the
this uses 2019 information and tax law
Andrew, who is single, retired from his job this year. He received a salary of $22,000 for the portion of the year that he worked tax-exempt interest of $2,400, and dividends from domestic corporations of $2.200 On October 1, he began receiving monthly pension payments of S1,600 and Social Security payments of $500. Assume an exclusion ratio of 40% for the pension. Andrew owns a duplex that he rents to others. He received rent of $11,000 and incurred 516,000 of expenses related to the duplex. He continued to actively manage the property after he retired from his job. Requirement Compute Andrew's adjusted gross income 22000 2200 Salary Dividend income Pension income taxable portion) Social security income (taxable portion) Rental income Gross income Minus Deductions for Adjusted gross income Rental expenses Adjusted gross income 11000 16000 Choose from any list or enter any number in the input fields and then click CheckStep by Step Solution
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