Ron is single with no dependents and had the following for 2014: Wages from Union Job $75,000 Loss from sale of stock held 4 years $-2,000 Qualifying Dividends Exemption Deduction $3,000 $3,950 Itemized Deductions $14,900 How much is Ron's taxable income?
Ron is single with no dependents and had the following for 2014: Wages from Union Job $75,000 Loss from sale of stock held 4 years $-2,000 Qualifying Dividends Exemption Deduction $3,000 $3,950 Itemized Deductions $14,900 How much is Ron's taxable income?
Chapter12: Tax Credits And Payments
Section: Chapter Questions
Problem 27P
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Question
How much is Ron's taxable income?
Transcribed Image Text:Ron is single with no dependents and had the following for
2014:
Wages from Union Job
$75,000
Loss from sale of stock held 4 years $-2,000
Qualifying Dividends
Exemption Deduction
$3,000
$3,950
Itemized Deductions
$14,900
How much is Ron's taxable income?
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