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Author Question: This is allowed for the taxpayer, the taxpayer's spouse, and each dependent, to arrive at taxable income. (Read 152 times)

melina_rosy

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Question 1

When compared to using the income tax tables to compute income tax, the tax computation worksheet is used:
◦ to include itemized deductions
◦ to compute tax on taxable incomes of $100,000 or less
◦ to compute tax on taxable incomes of $100,000 or greater
◦ to minimize taxable income

Question 2

This is allowed for the taxpayer, the taxpayer's spouse, and each dependent, to arrive at taxable income.
◦ deduction
◦ exclusion
◦ exemption
◦ adjustment


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Marked as best answer by melina_rosy on Feb 26, 2020

Liddy

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melina_rosy

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Reply 2 on: Feb 26, 2020
:D TYSM


Animal_Goddess

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

 

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