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domenicaBeBe2007
25.01.2020 •
Mathematics
Mike has an adjusted gross income of $85,643. he claims two exemptions and can deduct $896 for state income tax, $2,145 for charitable donations, and $3,473 for medical expenses. if the standard deduction is $5,700 and exemptions are each worth $3,650, what is mike’s total taxable income? a. $72,643 b. $75,479 c. $71,829 d. $66,129
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Ответ:
Here are the deduction before tax is applied:
$896 - income
$2,145 - charitable donations
$3,473 - medical expenses
2 x $3,650 - exemptions
Adding all the deductions:
$896 + $2,145 + $3,473 + 2 x $3,650 = $13,814
Subtracting this from the gross income:
$85,463 - $13,814 = $66,129
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