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Misti purchased a residence this year. Misti, age 32, is a single parent and lives with her 1-year-old daughter. This year, Misti received a salary
Misti purchased a residence this year. Misti, age 32, is a single parent and lives with her 1-year-old daughter. This year, Misti received a salary of $160,000 and made the following payments:
Home mortgage interest ($500,000 acquisition debt) | $15,000 |
Real estate taxes | 1,525 |
State income taxes paid | 1,340 |
Income tax preparation fee | 2,250 |
Charitable contributions (cash to their church) | 120 |
Misti files as a head of household. How much are the following items for 2019?
a: Gross income
b: Adjusted gross income
c: Total itemized deductions
d: Standard deduction
e:Taxable income
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