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4.) Erica Jones is preparing her tax return and gathered the following information: Smallbusinessincome$7,600Part-timejobincome$12,000Moneyloanedtonephew$4,000Standarddeduction$12,950Mortgageinterest$4,300RothIRAcontribution$3,000Full-timejobincome$32,500Charitabledonations$3,800Investmentinterestearnings$2,100Movingexpensesfornewjobinadjacenttown$700 Savings account balance $5,750 Airfare for visting grandparents $650 Medical expenses
4.) Erica Jones is preparing her tax return and gathered the following information: Smallbusinessincome$7,600Part-timejobincome$12,000Moneyloanedtonephew$4,000Standarddeduction$12,950Mortgageinterest$4,300RothIRAcontribution$3,000Full-timejobincome$32,500Charitabledonations$3,800Investmentinterestearnings$2,100Movingexpensesfornewjobinadjacenttown$700 Savings account balance $5,750 Airfare for visting grandparents $650 Medical expenses exceeding 10% of income $5,200 Adjustments (subtractions) to income $1,000 What should she report as her taxable income? 4.) Erica Jones is preparing her tax return and gathered the following information: Smallbusinessincome$7,600Part-timejobincome$12,000Moneyloanedtonephew$4,000Standarddeduction$12,950Mortgageinterest$4,300RothIRAcontribution$3,000Full-timejobincome$32,500Charitabledonations$3,800Investmentinterestearnings$2,100Movingexpensesfornewjobinadjacenttown$700 Savings account balance $5,750 Airfare for visting grandparents $650 Medical expenses exceeding 10% of income $5,200 Adjustments (subtractions) to income $1,000 What should she report as her taxable income
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