and their 4 children. they have itemized deductions of 28,900, consisting of 20,000 casualty loss, 5,000 in investment interest and 3900 in charitable contributions. Give:
allowable exemtions ______
allowable itemized deductions under _______
calculation 1 ________
calculation 2 _________
Taxable income ___________
2006-09-12 14:37:24 · 6 answers · asked by cindy l 1 in Education & Reference ➔ Homework Help
I have a great idea. Do your own homework and quit depending on people in the computer world to bail your butt out !
2006-09-12 14:45:09 · answer #1 · answered by class act 4 · 0⤊ 0⤋
Try the IRS web site
http://www.irs.gov
Note that some of the deductions will go away because the AGI is high. Is this on the H&R Block exam?
2006-09-12 14:41:56 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Bob and Jane would hire an accountant and could itemize all sorts of things, then they could keep 200. 000 or so.
Bob and Jane are rich.
2006-09-12 14:40:37 · answer #3 · answered by kurticus1024 7 · 0⤊ 0⤋
Download Publication 17 from www.irs.gov.
2006-09-12 14:46:16 · answer #4 · answered by stratocaster81 2 · 0⤊ 0⤋
Bob and Jane are my parents' first names!
2006-09-12 14:39:21 · answer #5 · answered by bibliophile31 6 · 1⤊ 0⤋
6
don't know the rest. Call H&R Block
Does your parents have 4 kids?
2006-09-12 14:39:30 · answer #6 · answered by Bill 6 · 0⤊ 0⤋