What is his taxable income on his 2005 return, Accounting Basics

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What is his taxable income on his 2005 return

Carl Married and has three childeren. In preparing to go to his accountant, he determines that has $62,300 of salary income and $250 in dividends. He contributes $4000, to a Roth IRA and has $6,800 of itemized deductions. His wife has no income. What is his taxable income on his 2005 return?

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Accounting Basics: What is his taxable income on his 2005 return

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is his taxable income on his 2005 return

Reference No:- TGS042040

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Importance of disclosure requirements

Q : How much loss may jill deduct

Q : How much of this loss may corbin deduct

Q : What is division a contribution margin

Q : What is his taxable income on his 2005 return

Q : High-low method based on total expected miles

Q : How many personal and dependency exemptions can cloe claim

Q : Identify and highlight relevant economic theory and concepts

Q : Completed and transferred during the period

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is his taxable income on his 2005 return

Reference No:- TGS042040

Recent Questions Asked Accounting Basics

Q : Importance of disclosure requirements

Q : How much loss may jill deduct

Q : How much of this loss may corbin deduct

Q : What is division a contribution margin

Q : What is his taxable income on his 2005 return

Q : High-low method based on total expected miles

Q : How many personal and dependency exemptions can cloe claim

Q : Identify and highlight relevant economic theory and concepts

Q : Completed and transferred during the period

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