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For 2016, Mathew, a single individual with no dependents, receives income of $63,000 and incurs deductible expenses of $8,500. a. What is Mathew's taxable income

For 2016, Mathew, a single individual with no dependents, receives income of $63,000 and incurs deductible expenses of $8,500.

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

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

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