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Ross is single with an adjusted gross income of $69,100, and he uses the standard deduction for single filers. After first finding his taxable income, calculate his tax liability (in $).

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Ross is single with an adjusted gross income of $69,100, and he uses the standard deduction for single filers. After first finding his taxable income, calculate his tax liability (in $).

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