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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 129
Find the tax in the following application problems
HEAD OF HOUSEHOLD John Walker had wages of $48,200, other income of $2892, dividends of $340, interest of $651, and a regular IRA contribution of $2000 last year. He had deductions of $1163 for taxes, $5350 in mortgage interest, and $540 in contributions. Walker claims two exemptions and files as head of household.
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HEAD OF HOUSEHOLD John Walker had wages of $48,200, other income of $2892, dividends of $340, interest of $651, and a regular IRA contribution of $2000 last year. He had deductions of $1163 for taxes, $5350 in mortgage interest, and $540 in contributions. Walker claims two exemptions and files as head of household.
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Explanation
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Verified
Find the adjusted gross income, 
Therefo...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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