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Calculate Ashley taxable income

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Reference no: EM132674430

Question - In 2020, Ashley earns a salary of $55,000, has capital gains of $3,000, and receives interest income of $5,000. Her husband died in 2019. Ashley has a dependent son, Tyrone, who is age eight. Her itemized deductions are $9,000.

Required -

1. What is her filing status?

2. Calculate Ashley's taxable income for 2020.

Reference no: EM132674430

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