Addison is an unmarried individual who earned a gross income of $69,192 last year. She made $4,902.79 in IRA contributions, donated $1,956 to her favorite charities and paid $1,475.25 in mortgage interest. A standard deduction is $5,700 for an unmarried individual. If Addison’s exemption is $3,650, what is her taxable income?

Question

anonymous · Answer

$64,744.79

 $61,313.54

 $68,488.79

 $54,939.21

e.cociuba · Answer

$64,744.79.

e.cociuba · Answer

im pretty sure...:)

anonymous · Answer

which ones did you subtract and why? Im doing an exam and im trying not to miss any

anonymous · Answer

e.cociuba is right:) its common sense kind of

anonymous · Answer

Im just unsure which ones to deduct....

anonymous · Answer

Im trying to understand not just get the answer

anonymous · Answer

ohh sry

anonymous · Answer

Its fine, im glad you confirmed its right!

anonymous · Answer

im sorry i couldn't help u further...Good luck on the EXAM!!!!

strawberry17 · Answer

I think it is the last one

e.cociuba · Answer

umm hun this was 2 months ago...

strawberry17 · Answer

Since the itemized deductions equal less than the standard deduction, she would take the standard deduction. 
69192 - 4902.79 - 5700 - 3650 = ?

anonymous · Answer

@satellite73 hey can you confirm that the last equation is correct? i get 54939