   Chapter 18, Problem 11CR ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# According to the tables and information given in this chapter, if your filing status was Single and your adjusted gross income was 565,775, $3,950 was multiplied by the total number of ____ claimed, and that product was subtracted from adjusted gross income to arrive at taxable income. (18-7) To determine To fill: The blank in the provided statement “According to the tables and information given in this chapter, if your filing status was single and your adjusted gross income was$65,755, $3950 was multiplied by the total number of ________ claimed, and that product was subtracted from adjusted gross income to arrive at taxable income. ” Explanation Consider the statement, Taxable income is the amount of income to which tax rates are applied in order to calculate the amount of tax owed for the year. When individual taxable income is calculated, if the filing status is single and the adjusted gross income is high then$3950 is multiplied by the total number of exemptions claimed and that product is subtracted from adjusted gross income to arrive at taxable income

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started 