Question
In 2016, Joan is single and a homeowner who incurs property taxes on her home of $2,000, makes charitable contributions of $500 and pays mortgage
In 2016, Joan is single and a homeowner who incurs property taxes on her home of $2,000, makes charitable contributions of $500 and pays mortgage interest of $6,000. Joans adjusted gross income is $32,000. What is her taxable income?
- $19,450
- $23,500
- $32,000
- $25,700
Please do not copy from Chegg. I need an original answer with a proper explanation with step by step explanation.
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
14th Edition
1264101597, 9781264101597
