Suppose you earned wages of $319,150, received $1790 in interest from a savings account, and contributed $4100 to a tax deferred retirement plan. He has two children. He is entitled to personal exemptions of $3800 per dependent. He is entitled to a standard deduction of $5950. The interest on his home mortgage was $51,235, he contributed $74,000 to charity, and paid $12,760 in state taxes. 51,235 14.0001 12,760+ GI: AGI! TI: 319, 150 + 1790 = 820,940 Boto-4100 = 316,440 316,940-(137,9884 3900)=(M5045 137,995 Add upiternfed dductione and deductions are ser different Suppose you earned wages of $319,150, received $1790 in interest from a savings account, and contributed $4100 to a tax deferred retirement plan. He has two children. He is entitled to personal exemptions of $3800 per dependent. He is entitled to a standard deduction of $5950. The interest on his home mortgage was $51,235, he contributed $74,000 to charity, and paid $12,760 in state taxes