Taxable income
Salary = $ 109,000
Dividend = $ 14,500
Interest income = $ 3,300
Disney capital gain = $ 17,900
Google capital gain = $ 4,900
Gross income = $ 149,600
Deduction
Deduction = $ 4,000
Allowable itemized deduction = $ 7,500
Total deduction = $ 11,500
Net taxable income = $ 149,600 - $ 11,500
= $ 138,100
Tax = 18481.25+13,258
= $ 31739.25
EST Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $103,000 in salary. She received $10,000 of dividend income. She received $5,200 of interest income on Home Depot bonds. She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,400. She received $13,500 from the...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $131,000 in salary. • She received $12.500 of dividend income. • She received $6.200 of interest income on Home Depot bonds. • She received $21.000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5.300. •...
INDTAP Search this course . ty Personal taxes Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled th • She received $106,000 in salary. • She received $19,500 of dividend Income. • She received $8,400 of interest income on Home Depot bonds. • She received $25,000 from the sale of Disney stock that was purchased 2 years prior to the sale at...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $126,000 in salary. • She received $14,500 of dividend income. • She received $6,300 of interest income on Home Depot bonds. • She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,600. •...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $94,000 in salary. • She received $17,000 of dividend Income. • She received $4,800 of interest income on Home Depot bonds. • She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,200. •...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $124,000 in salary. • She received $19,000 of dividend income. • She received $4,900 of interest income on Home Depot bonds. • She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,300. •...
Excel Online Structured Activity: Personal taxes Mary Jarvis iš a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: . She received $73,000 in salary. .She received $16,500 of dividend income. .She received $4,400 of interest income on Home Depot bonds. .She received $23,000 from the sale of Disney stock that was purchased 2 years prior the sale at a cost of $5,300. .She received $14,000 from the...
need help ? Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $139,000 in salary. • She received $14,000 of dividend income. . She received $3,500 of interest income on Home Depot bonds. . She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,900. . She received $12,000 from...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $115,000 in salary. She received $14,500 of dividend income. She received $5,800 of interest income on Home Depot bonds. She received $23,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,400. She received $10,500 from the sale of Google stock that was...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: She received $90,000 in salary. • She received $11,000 of dividend income. She received $6,200 of interest income on Home Depot bonds. She received $22,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,300. She received $10,500 from the sale of Google stock that...