Problem: Maureen Smith is a single individual. She claims a standard deduction of $12,000. Her salary for the year was $134,750. What is her taxable income?

SWFT Individual Income Taxes
43rd Edition
ISBN:9780357391365
Author:YOUNG
Publisher:YOUNG
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
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Problem:
Maureen Smith is a single individual. She claims
a standard deduction of $12,000. Her salary for
the year was $134,750. What is her taxable
income?
Transcribed Image Text:Problem: Maureen Smith is a single individual. She claims a standard deduction of $12,000. Her salary for the year was $134,750. What is her taxable income?
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