Solution-What is amount of taxable income that oscar and

What is amount of taxable income that oscar and mary report

Reference no: EM133175195

Question - Oscar and Mary have no dependents and file a joint income tax return for 2021. They have adjusted gross income (all wages) of $140,000 and itemized deductions of $30,000.

What is the amount of taxable income that Oscar and Mary must report on their 2021 income tax return?

a. $110,000

b. $93,600

c. $115,200

d. $102.000

e. $140.000

Reference no: EM133175195

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What is amount of taxable income that oscar and mary report

Reference no: EM133175195

Reference no: EM133175195

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Accounting Basics Questions & Answers

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Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

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