1.Tarik, a single taxpayer, has AGI of $55,000 which includes $1,000 of qualified dividends. Tarik...
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Accounting
1.Tarik, a single taxpayer, has AGI of $55,000 which includes $1,000 of qualified dividends. Tarik does not of itemize deductions. What is his 2021 federal income tax?
A) $5,088
B) $5,018
C) $7,779
D) None of the above
Explain your answer:
2.Derek, a single taxpayer, has AGI of $55,550 which includes $5,000 of qualified dividends. Derek does not itemize deductions. What is his 2021 federal income tax?
A) $4,361
B) $4,751
C) $5,209
D) None of the above
Explain your answer:
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