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Attention: Due to a bug in Geogle Chrome, this page may not function correctly. Click here to lean more. 4. Calculating taxable income Aa Aa

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Attention: Due to a bug in Geogle Chrome, this page may not function correctly. Click here to lean more. 4. Calculating taxable income Aa Aa For 2014, the personal exemption amount is $3,950. The 2014 standard deduction is $6,200 for unmarried taxpayers or married taxpayers filing separately, $12,400 for married taxpayers filing jointly, and $9,100 for taxpayers filing as head of household. Calculating Jeff's Taxable Income Jeff is an unmarried person filing single. Calculate Jeff's 2014 taxable income by filling in the worksheet. Enter adjustments, deductions, and exemptions as negative numbers. Jeff will earn $80,965 in wages this year. 2014 Taxable Income He estimates dividend and interest income at $250. He itemizes deductions. He paid mortgage interest of $7,893. Gross income Less: Adjustments to income Adjusted gross income His state and local taxes were $2,560. He is entitled to one exemption. He donated $1,000 to charity Less: Deductions Subtotal Less: Exemptions Taxable income

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