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3 years ago

Find the AGI and taxable income

Mathematics

2 answers:

marissa [1.9K]3 years ago

7 0

Don't know if you already took the test or not but the answer should be
23670 and $15,470.

postnew [5]3 years ago

4 0

A G I = Adjustable Gross income,

1 exception = $ 8200,

A G I= Total Income (Gross Income + Amount earned through other means) - (Adjustments +Deduction)

= ($ 23670+$8200)-($ 0 + $0)

= $ 31,870

1 exception = $ 8200, there may be many reasons for exception.

So, Taxable Income = Gross Income - 1 Exception

= $ 23670 - $ 8200

= $ 15,470

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