Ross Martin arrived at the follwoing tax information: Gross salary $56,145 Interest earnings $205 Divident income $65 Standard deduction $12000 Itemized deductions $11,250 Adjustments to income $1,200 What amount would Ross report as taxable income?

SWFT Corp Partner Estates Trusts
42nd Edition
ISBN:9780357161548
Author:Raabe
Publisher:Raabe
Chapter14: Taxes On The Financial Statements
Section: Chapter Questions
Problem 29P
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Ross Martin arrived at the follwoing tax information:

Gross salary $56,145

Interest earnings $205

Divident income $65

Standard deduction $12000

Itemized deductions $11,250

Adjustments to income $1,200

What amount would Ross report as taxable income?

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