Suppose you made $59,065 of income from wages and $639 of taxable interest. You also made contributions of $2700 to a tax deferred retirement account. You have 1 dependents and file as single. The standard deduction 12800 and the exemption amount is 4400 per exemption. What is your Gross Income? Answer to the nearest dollar.
Suppose you made $59,065 of income from wages and $639 of taxable interest. You also made contributions of $2700 to a tax deferred retirement account. You have 1 dependents and file as single. The standard deduction 12800 and the exemption amount is 4400 per exemption. What is your Gross Income? Answer to the nearest dollar.
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 3SSQ
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Transcribed Image Text:Suppose you made $59,065 of income from wages and $639 of taxable interest. You also made
contributions of $2700 to a tax deferred retirement account. You have 1 dependents and file as single. The
standard deduction is 12800 and the exemption amount is 4400 per exemption.
What is your Gross Income?
Answer to the nearest dollar.
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