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hichkok12 [17]
3 years ago
15

abbie is an unmarried individual who earned a gross income of $74827 last year. she make $3839.31 in ira contributions, donated

$4219 to her favorite charities and paid $1789.34 in mortgage interest. a standard deduction is $5700 for an unmarried individual. if Abbies exemption is $3650, what is her taxable income? PLEASE HELP
Business
1 answer:
musickatia [10]3 years ago
8 0
42,750 = gross income standard deduction reduces your taxable income - 5700.00 exemption acts like a tax deduction, reducing taxable income - 3650.00 IRA contributions are tax deductible - 537.56 donating to charity is tax deductible - 918 mortgage interest payments are tax deductible - 1351.35 income NOT taxable - 5700 + 3650 + 537.56 + 918 + 1351.35 = 12,156.91. 42,750.00 - 12,156.91 = 30,593.09 <---taxable income I think I did this correctly, but just in case, you might want to get a second opinion :)
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AD = Consumption + speculation + government use + Net fares,  

As on factor net fare decay the AD bend will move leftward in the short run. So in short run the genuine GDP fall beneath than the degree of potential GDP.  

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