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A woman earned wages of $50,500, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. She was entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on her home mortgage was $8100, she contributed $2600 to charity, and she paid $1900 in state taxes. Find her gross income, adjusted gross income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. ..... Her gross income is $ (Simplify your answer.)

A woman earned wages of $50,500, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. She was entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on her home mortgage was $8100, she contributed $2600 to charity, and she paid $1900 in state taxes. Find her gross income, adjusted gross income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. ..... Her gross income is $ (Simplify your answer.)

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A woman earned wages of $50,500, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. She was entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on her home mortgage was $8100, she contributed $2600 to charity, and she paid $1900 in state taxes. Find her gross income, adjusted gross income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. ..... Her gross income is $ (Simplify your answer.)
Transcribed Image Text:A woman earned wages of $50,500, received $1400 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. She was entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on her home mortgage was $8100, she contributed $2600 to charity, and she paid $1900 in state taxes. Find her gross income, adjusted gross income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction. ..... Her gross income is $ (Simplify your answer.)
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