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Zachary's taxable income in 2020 is $? The following information applies to Zachary, who is single, for 2020: Salary $73,200 Alimony paid to his ex-wife
Zachary's taxable income in 2020 is $?
The following information applies to Zachary, who is single, for 2020: Salary $73,200 Alimony paid to his ex-wife (decree executed prior to January 1, 2019) 12,200 Child support payments 9,000 Cash prize from lottery 10,000 Capital gain from sale of personal sail boat 6,000 Appreciation in value of land purchased for investment 25,000 Capital loss from sale of corporate stock (2,000) Number of potential dependents ? Age 51 Zachary maintains a household for his uncle, who lives in another state. His uncle earned $23,000Step by Step Solution
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