WORKSHEET ON INCOME TAXES 1. Natasha has gathered data about her finances: Salary: $5000 per month . Taxable Interest Income: $1600 . Itemized Deduction: a. Mortgage Interest: $7000 b. Educational Expenses: $4000 C. Medical Expenses: $2000 d. Charitable Contributions: $500 . Standardized Deduction: $12,550 I Adjusted Gross Income= 6100 Total Taxable income= -7400 Marginal Tax Rate= Tax Paid= Effective Tax Rate=