For 2015, Max, a single individual with no dependents, receives income of $66,000 and incurs deductible expenses of $9,500.

Requirement a. What is Max's taxable income assuming that the expenses are deductions for AGI?

(Deductions for AGI, Amount$$ (choose one from options on left)

Deductions from AGI,

Income,

Personal Exemption,

Standard Deduction choose one from above options)

Minus (use one from above same options) Amount$$

Adjusted Gross Income Amount$$

Minus ( use one from above same options) Amount$$

(use one from above same options) Amount$$

(use one from above same options) Amount$$

Taxable Income Amount$$

Requirement b. What is Max's taxable income assuming that the expenses are miscellaneous itemized deductions from AGI?

(Deductions for AGI, Amount$$

Deductions from AGI,

Income,

Personal Exemption,

Standard Deduction choose either option)

Minus (use same as above options) Amount$$

Adjusted Gross Income Amount$$

Minus ( use same above options) Amount$$

(use same above options) Amount$$

(use same above options) Amount$$

Taxable Income Amount$$