Answer:
Her new taxable income according to IRS is:
Taxable Income = $38950
Step-by-step explanation:
When Tania files for tax return, she is offered:
Total Exemptions = $6350
Total Deductions = $0 (Suppose $0, as it is not given in the question. If there is a value, write that instead of $0)
Gross income of Tanya for the year 2017 is:
Gross income = $45300
Taxable income can be easily calculated for an individual person by deducting the total exemptions and deductions from the grosse income.
Formular of Taxable Income is given as:
Taxable Income = Gross Income - Total Exemptions - Total Deductions.
Substitute the values to get the desired answer.
Taxable Income = $45300 - $6350 - $0
Taxable Income = $38950
