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  3. 1. list tax -deductible expenditures and the deduc

1. List tax -deductible expenditures and the deductibleamount2. Below the list of deductible expenses...1....

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Accounting

1. List tax -deductible expenditures and the deductibleamount

2. Below the list of deductible expenses , re-configure yourtaxes and net income : Subtract your deductible expenses from yourgross income to determine your Gross Income (AGI ). Thenrecalculate your taxes based on the AGI.

3. Subtract your taxes from your Gross Income to determine yourupdated net income .

Please use formulas for your calculations Taxcalculations should be listed for each type of tax

no more info provided

Answer & Explanation Solved by verified expert
3.8 Ratings (705 Votes)
Tax Deductions 1 American Opportunity Tax Credit The AOTC is for firsttime college students for their first four years of college or other higher education If youre pursuing a degree or otherwise going to college and havent had a felony drug conviction at the end    See Answer
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In: Accounting1. List tax -deductible expenditures and the deductibleamount2. Below the list of deductible expenses...1. List tax -deductible expenditures and the deductibleamount2. Below the list of deductible expenses , re-configure yourtaxes and net income : Subtract your deductible expenses from yourgross income to determine your Gross Income (AGI ). Thenrecalculate your taxes based on the AGI.3. Subtract your taxes from your Gross Income to determine yourupdated net income .Please use formulas for your calculations Taxcalculations should be listed for each type of taxno more info provided

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