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AGummiBear55

  • 3 years ago

Claire earned a gross income of $65,745 last year. She made $1,344.50 in student loan interest deductions and $2,309.67 in IRA contributions. She also made $2,170.83 in non-reimbursed medical expenses, donated $432.16 to her favorite charity, and paid $861.23 toward her mortgage interest. Claire claims a standard deduction of $11,400 for herself and her non-working spouse. If their exemption is $7,300, what is their taxable income?

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  1. aphrodite4488
    • 2 years ago
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    Claire earned a gross income of $65,745 last year. She made $1,344.50 in student loan interest deductions and $2,309.67 in IRA contributions. She also made $2,170.83 in non-reimbursed medical expenses, donated $432.16 to her favorite charity, and paid $861.23 toward her mortgage interest. Claire claims a standard deduction of $11,400 for herself and her non-working spouse. If their exemption is $7,300, what is their taxable income? @Kristen17

  2. aphrodite4488
    • 2 years ago
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    @ZachH54 @charlotte123 @math&ing001

  3. aphrodite4488
    • 2 years ago
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    @sunnyshores

  4. aphrodite4488
    • 2 years ago
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    @FLVSenglishstudent

  5. ZachH54
    • 2 years ago
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    what?

  6. aphrodite4488
    • 2 years ago
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    i need help with this math question please

  7. ZachH54
    • 2 years ago
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    ok

  8. aphrodite4488
    • 2 years ago
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    Claire earned a gross income of $65,745 last year. She made $1,344.50 in student loan interest deductions and $2,309.67 in IRA contributions. She also made $2,170.83 in non-reimbursed medical expenses, donated $432.16 to her favorite charity, and paid $861.23 toward her mortgage interest. Claire claims a standard deduction of $11,400 for herself and her non-working spouse. If their exemption is $7,300, what is their taxable income?

  9. aphrodite4488
    • 2 years ago
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    thats the question

  10. aphrodite4488
    • 2 years ago
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    im so stuck and confused with this question

  11. aphrodite4488
    • 2 years ago
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    im not sure if im supposed to only add the 11,400 and 7,300 and then subtract to the income or add the other numbers and then subtract that instead

  12. aphrodite4488
    • 2 years ago
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    @ZachH54

  13. ZachH54
    • 2 years ago
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    add then divide 2 see if that works

  14. aphrodite4488
    • 2 years ago
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    wait add what? @ZachH54

  15. ZachH54
    • 2 years ago
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    add 11,400 and 7,300 then divide by 2 and c if tht works

  16. aphrodite4488
    • 2 years ago
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    wait why would i divide it by 2? @ZachH54

  17. aphrodite4488
    • 2 years ago
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    im looking for the taxable income

  18. ZachH54
    • 2 years ago
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    wait

  19. aphrodite4488
    • 2 years ago
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    what? @ZachH54

  20. ZachH54
    • 2 years ago
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    4100

  21. aphrodite4488
    • 2 years ago
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    that isnt one of the choices @ZachH54 its okay though..ill just guess

  22. aphrodite4488
    • 2 years ago
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    thanks though (:

  23. ZachH54
    • 2 years ago
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    what are the choices?

  24. aphrodite4488
    • 2 years ago
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    $39,926.61 $43,390.83 $45,700.50 $51,326.61

  25. aphrodite4488
    • 2 years ago
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    @ZachH54

  26. ZachH54
    • 2 years ago
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    yeah sorry idk how they got that at all I added and subrtacted all that needed to be and still didnt get it sorry

  27. aphrodite4488
    • 2 years ago
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    neither did I, its so confusing but thanks (: @ZachH54

  28. ZachH54
    • 2 years ago
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    yeah sorry i couldnt help.

  29. aphrodite4488
    • 2 years ago
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    its okay :3 @ZachH54

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