Answer:
The correct answer is $7,650.
Explanation:
According to the scenario, the computation of the given data are as follows:
Gross income from business $75,000
Business deductions (Less) $80,000
Interest and dividend income (Add) $22,000
Gross income $17,000
Standard deduction (Less) $5,700
Exemption (Less) $3,650
Net Taxable income $ 7,650
So, the net taxable income is $7,650.
