Suppose you made $85,776 of income from wages and $830 of taxable interest. You also made contributions of $3700 to a tax deferred retirement account. You have 2 dependents and file as single. The standard deduction is 11900 and the exemption amount is 3100 per exemption. What is your Adjusted Gross Income? Answer to the nearest dollar.
Suppose you made $85,776 of income from wages and $830 of taxable interest. You also made contributions of $3700 to a tax deferred retirement account. You have 2 dependents and file as single. The standard deduction is 11900 and the exemption amount is 3100 per exemption. What is your Adjusted Gross Income? Answer to the nearest dollar.
Chapter12: Alternative Minimum Tax
Section: Chapter Questions
Problem 26P
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Transcribed Image Text:Suppose you made $85,776 of income from wages and $830 of taxable interest. You also made
contributions of $3700 to a tax deferred retirement account. You have 2 dependents and file as single. The
standard deduction is 11900 and the exemption amount is 3100 per exemption.
What is your Adjusted Gross Income?
Answer to the nearest dollar.
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