Rob, single, age 40, no dependents, earns a salary of $55,000 in 2020 and has no adjustments. Rob has no QBI/no QBI deduction. Rob had medical expenses of $16,500 (before the % of AGI floor limitation). This is Rob's only itemized deduction. What is Rob’s taxable income in 2020?

Rob, single, age 40, no dependents, earns a salary of $55,000 in 2020 and has no adjustments. Rob has no QBI/no QBI deduction. Rob had medical expenses of $16,500 (before the % of AGI floor limitation). This is Rob's only itemized deduction. What is Rob’s taxable income in 2020?

SWFT Individual Income Taxes

43rd Edition

ISBN:9780357391365

Author:YOUNG

Publisher:YOUNG

Chapter3: Tax Formula And Tax Determination; An Overview Of property Transactions

Section: Chapter Questions

Problem 47P

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Rob, single, age 40, no dependents, earns a salary of $55,000 in 2020 and has no adjustments. Rob has no QBI/no QBI deduction.

Rob had medical expenses of $16,500 (before the % of AGI floor limitation). This is Rob's only itemized deduction.

What is Rob’s taxable income in 2020?

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