Calculate dons taxable income and tax liability

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Reference no: EM133500269

Problem: Don Clark (single) determined the following tax information: gross salary, $143,750; interest earned, $1,140; personal exemption, $3,100; qualified retirement plan contributions, $7,000. Calculate Don's taxable income AND tax liability. Show work.

Reference no: EM133500269

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Calculate dons taxable income and tax liability : Don Clark (single) determined the following tax information: gross salary, $143,750; interest earned, $1,140. Calculate Don's taxable income AND tax liability.

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