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Joy is single and has the following income and deductions in 2017. Calculate her adjusted gross income and her taxable income. a) Salary $200,000 b)
Joy is single and has the following income and deductions in 2017. Calculate her adjusted gross income and her taxable income.
a) Salary $200,000
b) Active business loss $30,000
c) Interest income $1,500
d) Alimony paid to ex-husband $15,000
e) Child support paid $5,000
f) Medical expenses $22,000
g) Mortgage interest $15,000
h) Property taxes $4,500
i) Charitable contributions $20,000
j) Tax preparation fee (not related to her business) $850
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