Ross Martin arrived at the following tax information:   Tax Information Gross salary $ 56,145   Interest earnings   205   Dividend income   65   Standard deduction   12,000   Itemized deductions   11,250   Adjustments to income   1,200       What amount would Ross report as taxable income?

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter3: Taxes On The Financial Statements
Section: Chapter Questions
Problem 26P
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Ross Martin arrived at the following tax information:

 

Tax Information
Gross salary $ 56,145  
Interest earnings   205  
Dividend income   65  
Standard deduction   12,000  
Itemized deductions   11,250  
Adjustments to income   1,200  
 

 

What amount would Ross report as taxable income?

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