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2 years ago

Which person has the highest taxable income?

Business

1 answer:

Citrus2011 [14]2 years ago

4 0

Answer:

D. Person C

Explanation:

Taxable income is the difference between the gross pay and all authorized deduction.

For person A : taxable income = $50,000 - $5000 = $45,000

For Person B: taxable income =$60,000 - $10,000 = $50,000

For Person C: taxable income= $90,000 - $30,000 = $60,000

For Person D: taxable income=$ 100,000 - $60,00= $40,000

Person C has the highest taxable income with $60,000

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