Kate is single and a homeowner in 2016 she has property, Accounting Basics

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Kate is single and a homeowner in 2016 she has property

Problem

Kate is single and a homeowner. In 2016, she has property taxes on her home of $3,000, makes charitable contributions of $2,000, and pays home mortgage interest of $7,000. Kate's adjusted gross income for 2016 is $77,000. Compute her taxable income for 2016.

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Accounting Basics: Kate is single and a homeowner in 2016 she has property

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