How do U.S. individuals generate their income? Does it vary by size of income (AGI)? Go to
Question:
How do U.S. individuals generate their income? Does it vary by size of income (AGI)? Go to the IRS tax statistics website (irs.gov/statistics), and look for recent information on “sources of income” using the Individual Statistical Tables by Size of Adjusted Gross Income. Compare the following types of income by size of AGI: (1) wages, (2) capital gain distributions, (3) sales of capital assets, and (4) sales of property other than capital assets. Cluster the data into no more than six AGI categories. Present your findings in a visual (e.g., bar chart), and summarize your findings in a one-page memo to your instructor.
Step by Step Answer:
South-Western Federal Taxation 2022 Essentials Of Taxation Individuals And Business Entities
ISBN: 9780357519431
25th Edition
Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young, David M. Maloney