Avery, an unmarried taxpayer, had the following income items: $ 42,600 5,340 Salary Net income from a rental house Avery has a 4-year-old child who attends a day care center. Avery paid $4,120 to this center and has no itemized deductions. Required: Compute Child Credit, Dependent Credit, and Avery income tax after these two credits. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate computations to the nearest whole dollar amount. Child Credit Dependent Credit Income Tax Amount
Avery, an unmarried taxpayer, had the following income items: $ 42,600 5,340 Salary Net income from a rental house Avery has a 4-year-old child who attends a day care center. Avery paid $4,120 to this center and has no itemized deductions. Required: Compute Child Credit, Dependent Credit, and Avery income tax after these two credits. Assume the taxable year is 2022. Use Individual Tax Rate Schedules and Standard Deduction Table. Note: Round your intermediate computations to the nearest whole dollar amount. Child Credit Dependent Credit Income Tax Amount
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 7P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT