*Correct Me !

Do I subtract everything ?

Amanda earned a gross income of $37,250 last year. She made $489.78 in IRA contributions, donated $782 to her favorite charity and paid $1,276.65 in home mortgage interest. If Amanda claims a standard deduction of $5,700 and her exemption is $3,650, what is her taxable income?

$25,351.57

Question

*Correct Me ! 

Do I subtract everything ?

Amanda earned a gross income of $37,250 last year. She made $489.78 in IRA contributions, donated $782 to her favorite charity and paid $1,276.65 in home mortgage interest. If Amanda claims a standard deduction of $5,700 and her exemption is $3,650, what is her taxable income?

 $25,351.57<------

 $26,133.57

 $27,410.22

 $31,051.57

anonymous · Answer

Gross Income - Adjustments =AGI -Deductions - Exemption = taxable Income @NaCl

anonymous · Answer

Is that right @ConDawg  ?

anonymous · Answer

I would think that's the answer.