Using the Tax Rate Schedules, compute Morgans 2019 Federal income tax liability. Morgan (age 45) is single
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Using the Tax Rate Schedules, compute Morgan’s 2019 Federal income tax liability. Morgan (age 45) is single and provides more than 50% of the support of Tammy (a family friend, age 36), Jen (a niece, age 18), and Jerold (a nephew, age 18). Both Tammy and Jen live with Morgan, but Jerold (a citizen of France) lives in Canada. Morgan earns a $95,000 salary, contributes $5,000 to a traditional IRA, and receives sales proceeds of $15,000 for an RV that cost $60,000 and was used only for vacations. She incurs $8,200 in itemized deductions.
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Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
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