A taxpayer receives pension income from a traditional ira $15,000, railroad retirement $15,000, and a Roth Ira $15,000. How much of this is taxable on the state return? 45,000 30,000 15,000 0
A taxpayer receives pension income from a traditional ira $15,000, railroad retirement $15,000, and a Roth Ira $15,000. How much of this is taxable on the state return? 45,000 30,000 15,000 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A taxpayer receives pension income from a traditional ira $15,000, railroad retirement $15,000, and a Roth Ira $15,000.
How much of this is taxable on the state return?
45,000
30,000
15,000
0
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