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Evgesh-ka [11]
3 years ago
14

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? a. $16,053 b. $9,350 c. $10,825 d. $14,475
Mathematics
2 answers:
uysha [10]3 years ago
7 0
We are given the following
<span>gross income = $117,151
$2,713 = interest on mortgage
$2,791 = business losses
$1,346 = alimony,
$2,086 = property taxes
$2,376 = contributions to charity
$1,091 for contributions to retirement fund.

</span><span> standard deduction for a single filer = $5,700
exemptions = $3,650 </span>each worth 

Adding all the deductions and subtracting it to the gross amount will give us
<span>b. $9,350</span>
Tcecarenko [31]3 years ago
5 0

Answer:

c.10,825

Step-by-step explanation:

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