What is greg''s taxable income, Accounting Basics

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What is greg''s taxable income

Greg is single. During 2012, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions, $6,000 of itemized deductions. The 2012 standard deduction amount of a single taxpayer is $5,950 and the 2012 exemption amount is $3,800. What is Greg's taxable income?

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Accounting Basics: What is greg''s taxable income

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Accounting Basics: What is greg''s taxable income

Reference No:- TGS048016

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Recent Questions Asked Accounting Basics

Q : What are tom''s taxes due or tax refund for the year

Q : Explain nature and source of asymmetric threats faced by us

Q : What are the couple''s taxes due or tax refund

Q : Determine total profits for each firm using cournot model

Q : What is greg''s taxable income

Q : Make a job order cost sheet for the widgets

Q : How much of total demand do the follower firms supply

Q : Compute blake''s realized income and gross income

Q : What price of pipes would demand for pipes tobacco

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is greg''s taxable income

Reference No:- TGS048016

Recent Questions Asked Accounting Basics

Q : What are tom''s taxes due or tax refund for the year

Q : Explain nature and source of asymmetric threats faced by us

Q : What are the couple''s taxes due or tax refund

Q : Determine total profits for each firm using cournot model

Q : What is greg''s taxable income

Q : Make a job order cost sheet for the widgets

Q : How much of total demand do the follower firms supply

Q : Compute blake''s realized income and gross income

Q : What price of pipes would demand for pipes tobacco

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