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Compute the taxable income for Bill on the following information- Bill.pdf

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Compute the taxable income for Bill on the following information. Bill is married but has not seen or heard from his spouse since 2021. Salary Interest on bonds issued by the City of Chicago Interest on CD issued by PNC Bank Cash dividend received on common stock Life insurance proceeds paid on death of aunt (Bill is the beneficiary of the policy) Inheritance received on death of aunt Cash gift from parents Total itemized deduction Number of dependent children A. $58100 B. $64 , 600 C. $71 , 050 D. $89 , 600.

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Compute the taxable income for Bill on the following information. Bill is married but has not seen or heard from his spouse since 2021. Salary Interest on bonds issued by the City of Chicago Interest on CD issued by PNC Bank Cash dividend received on common stock Life insurance proceeds paid on death of aunt (Bill is the beneficiary of the policy) Inheritance received on death of aunt Cash gift from parents Total itemized deduction Number of dependent children A. $58100 B. $64 , 600 C. $71 , 050 D. $89 , 600

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