Got Homework?
Connect with other students for help. It's a free community.
Here's the question you clicked on:
 0 viewing
CHECK MY WORK? :)
(Q) Jeffrey earned a gross income of $78,350 last year. He made $2,489.78 in student loan interest deductions, donated $4,294 to his favorite charities and paid $3,571.32 in home mortgage interest. Jeffrey claims a standard deduction of $11,400 for himself and his nonworking spouse. If their exemption is $7,300, what is their taxable income?
A. $49,294.40
B. $53,588.90
C. $57,160.22
D. $60,694.90
This is my work:
78350  2489.78 = 75,860.22  11400  7300 = 60,160.22.
I don't know what I'm doing wrong, my answer doesn't match the multiple choice answers!
 one year ago
 one year ago
CHECK MY WORK? :) (Q) Jeffrey earned a gross income of $78,350 last year. He made $2,489.78 in student loan interest deductions, donated $4,294 to his favorite charities and paid $3,571.32 in home mortgage interest. Jeffrey claims a standard deduction of $11,400 for himself and his nonworking spouse. If their exemption is $7,300, what is their taxable income? A. $49,294.40 B. $53,588.90 C. $57,160.22 D. $60,694.90 This is my work: 78350  2489.78 = 75,860.22  11400  7300 = 60,160.22. I don't know what I'm doing wrong, my answer doesn't match the multiple choice answers!
 one year ago
 one year ago

This Question is Closed

AGummiBear55Best ResponseYou've already chosen the best response.0
Really? How so? I tried the problem again but I keep getting 60,160.22!
 one year ago
See more questions >>>
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.