Question

Allie is single, has an adjusted gross income of $20,005 and one exemption of $8200. How much is his tax according to the table? Hint: find taxable income first. help me understand

Answer 1

This question is to check if you understand the financial terminologies " adjusted gross income", "exemption" and "taxable income":
Taxable income = $20,005 - $8200 = ...