Here's the question you clicked on:
Blake95
Addison is an unmarried individual who earned a gross income of $69,192 last year. She made $4,902.79 in IRA contributions, donated $1,956 to her favorite charities and paid $1,475.25 in mortgage interest. A standard deduction is $5,700 for an unmarried individual. If Addison’s exemption is $3,650, what is her taxable income?
$64,744.79 $61,313.54 $68,488.79 $54,939.21
which ones did you subtract and why? Im doing an exam and im trying not to miss any
e.cociuba is right:) its common sense kind of
Im just unsure which ones to deduct....
Im trying to understand not just get the answer
Its fine, im glad you confirmed its right!
im sorry i couldn't help u further...Good luck on the EXAM!!!!
I think it is the last one
umm hun this was 2 months ago...
Since the itemized deductions equal less than the standard deduction, she would take the standard deduction. 69192 - 4902.79 - 5700 - 3650 = ?
@satellite73 hey can you confirm that the last equation is correct? i get 54939