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4. Suppose your neighbor earned wages of $128,340, received $2180 in interest from a savings account, and contributed $4700 to a tax deferred retirement plan.

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4. Suppose your neighbor earned wages of $128,340, received $2180 in interest from a savings account, and contributed $4700 to a tax deferred retirement plan. He is entitled to a personal exemption of $3800 and the same exemption for each of his two children. He is entitled to a standard deduction of $5950. The interest on his home mortgage was $3125 and he contributed $6000 to charity, and he paid $5100 in state taxes. Find his gross income, adjusted gross income and taxable income. GI AGI

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