Jenna D.

asked • 07/29/15

Suppose your friend earned wages of $93,260

Suppose your friend earned wages of $93,260, received $1340 in interest from a savings account, and contributed $6300 to a tax deferred retirement plan. She is entitled to a personal exemption of $3500 and a standard deduction of $7800. The interest on her home mortgage was 4500, she contributed $2500 to charity, and she paid $1359 in state taxes.  Find the gross income and taxable income.

1 Expert Answer

By:

MELISSA K. answered • 07/29/15

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