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Janet is completing her federal income taxes for the year and has identified the amounts listed here. How much can she rightfully deduct? AGI: $44,500

Janet is completing her federal income taxes for the year and has identified the amounts listed here. How much can she rightfully deduct?

  • AGI: $44,500
  • Medical and dental expenses: $1,350
  • State income taxes: $1,250
  • Mortgage interest: $8,000
  • Charitable contributions: $1,700

Using the following table, calculate the taxes for an individual with taxable income of $47,000.

10 % Up to $10,200
15 % $10,200 $51,000
25 % $51,000 $100,600
28 % $100,600 $199,900
33 % $199,900 $413,150
35 % Over $413,150

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