WHAT IS KEVINS TAX INCOME AMOUNT

Business & Finance
Tutor: None Selected Time limit: 1 Day

KEVIN AND MICHELLE ARE MARRIED WITH THREE CHILDREN, AGES 14, 21, AND 28. ALL THREE ARE FULL TIME STUDENTS AND THE 28 YEAR OLD IS DISABLED AND UNABLE TO WORK. KEVIN AND MICHELLE PROVIDE MORE THAN HALF OF THE SUPPORT FOR THE CHILDREN. KEVINS INCOME CONSIST OF SALARY=88,000, INTEREST FROM MUNICIPAL BONDS=14,00 AND ORDINARY DIVIDENDS=12,000. KEVIN TAX DEDUCTIONS CONSIST OF MORTGAGE INTEREST=18,000, REAL ESTATE TAXES=5,000 AND MISCELLANEOUS ITEMIZED DEDUCTIONS=3,000. WHAT IS KEVINS TAX INCOME

Jul 25th, 2015

Thank you for the opportunity to help you with your question!

total earnings=114000

total deductions=26000

114000-26000

tax income =88000

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Jul 25th, 2015

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Jul 25th, 2015
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Jul 25th, 2015
Dec 6th, 2016
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