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Author Question: Steve Greene, age 66, is divorced with no dependents. In 2016 Steve had income and expenses as ... (Read 120 times)

segrsyd

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Question 1

Sean and Martha are both over age 65 and Martha is considered blind by tax law standards. Their total income in 2016 from part-time jobs and interest income from a bank savings account is $60,000. Their itemized deductions are $12,000.

Required: Compute their taxable income.

Question 2

Steve Greene, age 66, is divorced with no dependents.  In 2016 Steve had income and expenses as follows:



Compute Steve's taxable income for 2016. Show all calculations.


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Marked as best answer by segrsyd on Sep 13, 2020

bd5255

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segrsyd

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Reply 2 on: Sep 13, 2020
Wow, this really help


emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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