Calculate jeffs itemized deductions after considering

Reference no: EM13905910

In 2015, Jeff, who is single, is entitled to the following deductions before phase-outs:

State income taxes	$7,850
Real estate taxes	1,900
Home mortgage interest	8,200
Charitable contributions	1,700

a) Assume that Jeff's AGI is $280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

b) Suppose that Jeff's AGI increases to $1,280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

Reference no: EM13905910

Questions Cloud

Complete pages one and two of form and schedule a : Please calculate my taxable income and complete pages 1 and 2 of Form 1040 (through taxable income, line 43) and Schedule A. You're still doing this for free, right?

What are philosophical implications : What are the philosophical implications for a reality based upon Einstein's concept of a four dimensional universe with a space-time continuum?

Calculate evans agi and taxable income : Evan graduated from college, and took a job as a deliveryman in the city. Calculate Evan's AGI and taxable income if he files single with one personal exemption.

What can be done to improve your family happiness : Nothing is more stressful than a miserable relationship and nothing can be more satisfying than a loving relationship. Briefly discuss Carl Rogers "5 Characteristics of all Successful Relationships".

Calculate jeffs itemized deductions after considering : Assume that Jeff's AGI is $280,000. Calculate Jeff's itemized deductions after considering the overall phase-out of itemized deductions.

Compare and contrast velocity or speed and acceleration : Describe Examples how you move an object or person with constant speed AND also with constant acceleration.

Calculate tammys agi and taxable income : Calculate Tammy's AGI and taxable income for 2015 assuming she files single with personal exemption assume the 2014 rules apply for purposes of qualified education expense deduction and the educator expense deduction.

Differences between julian calendar and gregorian calender : What is the differences between Julian calendar and Gregorian calender? How each was developed?

What would you choose for the independent function variable : In a projectile motion experiment, if you wanted to plot the range R versus a quantity that depends on angle (that is, you are going to vary the angle) and that would result in a straight line, what would you choose for the independent function va..

User Account

All Pages