Question

can someone help me ?

Subtract any adjustments from your gross income to determine your adjusted gross income, or AGI.
Determine if you will take a standard or itemized deduction based on your given scenario. If you take a standard deduction, use $5,700 if you are single and $11,400 if you are married.
Calculate the value of your exemptions. Use $3,650 for each person supported by the income reported.
Subtract the deductions and exemptions from the adjusted gross income (AGI). This is your taxab

Answer 1

what do I subtract?

Answer 2

Determine if you will take a standard or itemized deduction based on your given scenario. If you take a standard deduction, use $5,700 if you are single and $11,400 if you are married.

are you single or married?

Answer 3

single
so I would use 5,700$

Answer 4

yes, now parts of this are beyond me since i havent actually taken a tax class.

Answer 5

how many people are supported by the income?

Answer 6

alright

Answer 7

just me

Answer 8

this actually advanced algebra though

Answer 9

so we have a 3650 for the exemptions

Answer 10

you should have some sort of material that tells you how to process the rest of the information ..... thats where the specifics of the tax courses would have come in useful :)

Answer 11

i dont lol all they gave me is this worksheet

Answer 12

im waiting for pages to load, slow internet ....

Answer 13

ive tried looking at a tax form, and its not being useful. im not sure how to work the AGI at the moment. it is going to require that you have some material to base it on.

Answer 14

good luck tho ..

Answer 15

alright thanks

Answer 16

@amistre64 i got this

Answer 17

then in line 1 it tells us what to include:

These include qualifying home mortgage interest, charitable contributions, state and local taxes, medical expenses in excess of 7.5% of your income, and miscellaneous deductions.

Answer 18

it seems like the only thing not listed is the IRA, so it may be safe to assume thats just extra information that we can ignore.