41 - To determine taxable income(the number necessary to...

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47. The W-2 income of Sandra, a single taxpayer, was $67,443. Using the tax tables, determine Sandra’s tax liability. Answer: Sandra’s tax liability is $11,093. The problem tells you Sandra’s W-2 income.
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Unformatted text preview: To determine taxable income (the number necessary to use the tax tables) you need to subtract the permitted deduction of $8,750. Sandra’s taxable income is $58,693....
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This note was uploaded on 09/16/2011 for the course ACCOUNTING 145 taught by Professor Eric during the Spring '11 term at Palm Beach Community College.

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