ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Question
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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