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Compute tax liability for jim

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Reference no: EM132697484

Jim is 68 and single and retired. Here is his income.

Social Security Income 15,000

Chase Interest Income 5,000

Municipal bond interest 5,000

Qualifying dividends 5,000

He has itemized deductions of $10,000.

Problem 1: Compute his tax liability. Use 2019 tax law.

Reference no: EM132697484

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