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Jessica, who is single with one familial dependent, has the following for the calendar year 2019: RECEIPTS FOR YEAR Salary as Business Consultant (part-time) $
Jessica, who is single with one familial dependent, has the following for the calendar year 2019: RECEIPTS FOR YEAR Salary as Business Consultant (part-time) $ 28,200 Interest from Friendly Bank 2,436 Interest from City of Chula Vista bonds 2,000 Social Security benefits 18,000 EXPENDITURES FOR YEAR Contribution to IRA 920 Itemized deductions 17,400 Jessica claims one $500 dependency credit. How much are Jessica's adjusted gross income, taxable income and gross tax? Show your work! AGI = $ Taxable Income = $ Gross tax
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