Business, 02.11.2019 05:31 Likat1006

Alice and bruce are planning some significant changes for 2019. they have provided you with the following information and asked you to project their taxable income and tax liability for 2019. assume that the byrds will itemize their deductions next year. the byrds will invest the $1,600,000 of life insurance proceeds in short-term certificates of deposit (cds) and use the interest for living expenses during 2019. they expect to earn interest of $32,000 on the cds.

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