ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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A woman earned wages of $35,600​,received
​$1600 in interest from a savings​ account, and contributed
​$2800 to a​ tax-deferred retirement plan.She
was entitled to a personal exemption of ​$4050 and a standard deduction of
​$6300. The interest on her home mortgage was ​$8400​,she
contributed $2600 to​ charity, and
she paid $1675
in state taxes.
Find her gross​ income, adjusted gross​ income, and taxable income. Base the taxable income on the greater of a standard deduction or an itemized deduction.
 
 
 
Her
gross income is
 
Her
adjusted gross income is
 
Her
taxable income is
 
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