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What is your taxable income and tax liability based on the following information? Salaries - $100,000 Interest income - $5,000 Dividend income - $4,000 Business

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What is your taxable income and tax liability based on the following information? Salaries - $100,000 Interest income - $5,000 Dividend income - $4,000 Business income - $20,000 Business expenses - $5,000 Tax exempt interest - $10,000 Itemized deductions $10,000 This individual is single and has no dependents. The individual is 38 years told. What completing your calculations, please indicate what tax year you use to calculate taxable income and tax liability

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