A woman earned wages of $ 54500. She recieved $ 2900 in interest from a savings account.  Contributed $ 3600 to a tax deferred retirement plan.  she was entitled to a pesonal exemption of $ 3300 and had deductions totaling $ 5130.  Find her gross income

Income Tax Fundamentals 2020
38th Edition
ISBN:9780357391129
Author:WHITTENBURG
Publisher:WHITTENBURG
Chapter1: The Individual Income Tax Return
Section: Chapter Questions
Problem 4P: In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and...
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A woman earned wages of $ 54500. She recieved $ 2900 in interest from a savings account. 

Contributed $ 3600 to a tax deferred retirement plan. 

she was entitled to a pesonal exemption of $ 3300 and had deductions totaling $ 5130. 

Find her gross income 

Adjusted Gross Income 

Taxable Income 

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