If you could help me with this problem that would be amazing. I am confused on...

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If you could help me with this problem that would be amazing. I am confused on how to the $10,000 from interest affects federal tax he will owe

business accounting

Answer 1

Answer #1

Interest from an investment in city of Birmingham Bonds is non-taxable income

Federal tax owed = 14089.50+(100000-82500)*0.24= $18,289.50

Option 2 $18,289.50 is correct

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Answer 2

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