Ross Martin arrived at the following tax information: Tax Information Gross salary Interest earnings $ 56,725 225 Dividend income 105 Standard deduction 12,000 11,290 1,400 Itemized deductions Adjustments to income

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Ross Martin arrived at the following tax information:
Tax Information
$ 56,725
Gross salary
Interest earnings
225
Dividend income
105
Standard deduction
12,000
11,290
1,400
Itemized deductions
Adjustments to income
What amount would Ross report as taxable income?
Taxable income
Transcribed Image Text:Ross Martin arrived at the following tax information: Tax Information $ 56,725 Gross salary Interest earnings 225 Dividend income 105 Standard deduction 12,000 11,290 1,400 Itemized deductions Adjustments to income What amount would Ross report as taxable income? Taxable income
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