Asked by Marie
Compute taxable income.
gross salary 46,660
interest earnings 225.00
dividend income 80.00
one personal exemption 3,400
itemized deductions 7,820
adjustments to income 1,150
What amount would be reported as taxable income?
gross salary 46,660
interest earnings 225.00
dividend income 80.00
one personal exemption 3,400
itemized deductions 7,820
adjustments to income 1,150
What amount would be reported as taxable income?
Answers
Answered by
helper
Income----------46,660
Interest-----------225
Dividends-----------80
Income Adj-------1,150
Sub Total-------48,115
Less Item Ded----7,820
Sub Total-------40,295
Less Exempt------3,400
Taxable Income--36,895
Check my math
Interest-----------225
Dividends-----------80
Income Adj-------1,150
Sub Total-------48,115
Less Item Ded----7,820
Sub Total-------40,295
Less Exempt------3,400
Taxable Income--36,895
Check my math
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