Examlex
Kevin is a single person who earns $70,000 in salary for 2015 and has other income from a variety of investments,as follows: Kevin received tax refunds when he filed his 2014 tax returns in April of 2015.His federal refund was $600 and his state refund was $300.Kevin claimed the $300 state tax overpayment as an itemized deduction on his 2014 return.Due to changes in circumstances,Kevin is not itemizing deductions on his 2015 return.
Compute Kevin's taxable income for 2015.
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