Question
Tom is single and 68 years old. He has excellent eyesight. In 2020, Tom earned W-2 wages of $443,586 from his full-time job at Six
Tom is single and 68 years old. He has excellent eyesight. In 2020, Tom earned W-2 wages of $443,586 from his full-time job at Six Minutes, ABS, Inc. He also received tips in that year of $11,055 by playing requests on the marimba. Tom did not receive any Social Security benefits. Tom paid alimony of $5,035 to his ex-wife (pursuant to their 2015 written divorce agreement.) Tom had few allowable itemized deductions on Schedule A, so he claimed the standard deduction.
For 2020:
1) Tom's Taxable Income is $_______________________. (Important: For your answer, enter whole numbers only. Do not enter a dollar sign ( "$" ) or a comma ( " , " ) in your answer.)
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