Find the gross income, the adjusted gross income, and the taxable income. A taxpayer earned wages of $61,300, received $880 in interest from a savings account, and contributed $2,200 to a tax-deferred retirement plan. He was entitled to a personal exemption of $4050 and had deductions totaling $6,930. 000 A. $62,180; $59,980; $55,930 B. $64,380; $60,330; $53,400 C. $62,180; $59,980; $49,000 D. $64,380; $60,330; $55,930
Find the gross income, the adjusted gross income, and the taxable income. A taxpayer earned wages of $61,300, received $880 in interest from a savings account, and contributed $2,200 to a tax-deferred retirement plan. He was entitled to a personal exemption of $4050 and had deductions totaling $6,930. 000 A. $62,180; $59,980; $55,930 B. $64,380; $60,330; $53,400 C. $62,180; $59,980; $49,000 D. $64,380; $60,330; $55,930
Chapter10: Deductions And Losses: Certain Itemized Deductions
Section: Chapter Questions
Problem 28P
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT