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Javin is 35 years old, files single, and has the following items in 2020: Business Revenue: $120,000 Business Cost of Goods Sold: $60.000 Business Rent:
Javin is 35 years old, files single, and has the following items in 2020: Business Revenue: $120,000 Business Cost of Goods Sold: $60.000 Business Rent: $30,000 Contribution to Roth Ira: $5000 Self-Employed Health Insurance: $10,000 Total Self-Employment tax on business income: $5000 Interest Income: $15,000 Qualified Dividends: $5000 Medical Expenses: $5000 Property Taxes: $8000 Charitable Contributions: $500 What is Javin's 2020 taxable income? $22,600 a. . $20,100 None of these d. $24,000 $25,100 e
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