Paige Turner files her taxes as head of household, claiming two dependents. She is under age 65, but is not blind. She paid the following taxes:Real property taxes of $6,464Federal income taxes of $7,215Sales taxes of $869Personal property taxes of $516State income taxes of $2,872If her adjusted gross income was $65,992, what would her deductible taxes be (assuming she has sufficient other expenses)?

[1] Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income. Gross income…

Answered: Paige Turner files her

Business

Accounting

Paige Turner files her

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter12: Tax Administration And Tax Planning

Section: Chapter Questions

Problem 22MCQ: Melodie's taxable income is $39,000 and she pays income tax of $4,489. If Melodie's taxable income...

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Question

Paige Turner files her taxes as head of household, claiming two dependents. She is under age 65, but is not blind. She paid the following taxes:

Real property taxes of $6,464
Federal income taxes of $7,215
Sales taxes of $869
Personal property taxes of $516
State income taxes of $2,872

If her adjusted gross income was $65,992, what would her deductible taxes be (assuming she has sufficient other expenses)?

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