Question
You earn $65,000/year in your first job after graduating from TAMUSA. You contribute $500/month to your retirement account. You have itemized deductions of: Property tax
You earn $65,000/year in your first job after graduating from TAMUSA. You contribute $500/month to your retirement account. You have itemized deductions of: Property tax = $3,250; Charitable contributions = $800; State sales tax = $950; Mortgage interest = $1,725. Assume you are filing single and the Standard Deduction is $12,400.
What is your taxable income?
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Advanced Management Accounting
Authors: Tom Groot, Frank Selto
1st Edition
0273730185, 978-0273730187
