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Author Question: Ellen is a single taxpayer with qualified dividend income of $5,000, and itemized deductions of ... (Read 80 times)

lilldybug07

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Question 1

Edward is considering returning to work part-time to supplement his pension and Social Security benefits.  His current marginal tax rate is 15%.  What should he consider from a tax perspective before returning to work?

Question 2

Ellen is a single taxpayer with qualified dividend income of $5,000, and itemized deductions of $13,000.

Required:  Determine Ellen's taxable income and tax liability in 2016, assuming the following salaries
a. $40,000.
b. $100,000.


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Marked as best answer by lilldybug07 on Sep 13, 2020

at

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lilldybug07

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it


nathang24

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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