Question
For 2016, your gross income is $74 thousand. The standard deduction is $12 k. You contributed $11 thousand to your traditional 401k, and your employer
For 2016, your gross income is $74 thousand. The standard deduction is $12 k. You contributed $11 thousand to your traditional 401k, and your employer made a matching contribution of 50 cents on the dollar. You also maxed out your Roth IRA for the year, making an $5500 contribution.
What is your taxable income for the year?
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Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
