You have a gross income of $117,151 and are filing your tax return singly. You claim one exemption and can take a deduction of $

Question

3 years ago

10

You have a gross income of $117,151 and are filing your tax return singly. You claim one exemption and can take a deduction of $

2,713 for interest on your mortgage, an adjustment of $2,791 for business losses, an adjustment of $1,346 for alimony, a deduction of $2,086 for property taxes, a deduction of $2,376 for contributions to charity, and an adjustment of $1,091 for contributions to your retirement fund. The standard deduction for a single filer is $5,700, and exemptions are each worth $3,650. What is the difference between your adjusted gross income and your taxable income?

Mathematics

2 answers:

Olin [163] · Answer 1 · 2022-02-08T22:15:22+03:00

Olin [163]3 years ago

7 0

<span>$10,825
Is your answer
</span>

Grace [21] · Answer 2 · 2022-02-08T21:05:04+03:00

Grace [21]3 years ago

3 0

Answer is $10,825 did that test too (C)