Compute the taxable income for 2010 for curtis on the basis, Ask an Expert

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Compute the taxable income for 2010 for curtis on the basis of the following information. His filing status is single.

1.salary.....$90,000

2.Interest income from issued by city of San diego....3,000

3.Alimony payments made....3,600

4.Contribution to traditional IRA....5,000

5.Gift from grandparents....26,000

6.Capital loss from stock investment....2,000

7.Amount lost in football office pool (sports gambling is against law where curtis lives)....1,500

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M987093

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