Please answer!!!!!!!!!

Question

A single woman earned wages of​ $57,000, received​ $2500 in interest from various​ accounts, and contributed​ $2000 to a​ tax-deferred savings plan. She is entitled to a personal exemption of​ $3800 and a standard deduction of​ $5950. She paid a total of​ $8000 in taxes and contributed​ $3000 to charity.



Determine her taxable income.

$__

Answer 1

First, we need to add all of the woman's sources of income together:

wages + interest = total income

$57,000 + $2500 = $59,500

Now, we add together all her deductions:

savings-plan contributions + personal exemption + standard deduction + charitable contributions + taxes already paid + charitable contributions = total deductions

$2000 + $3800 + $5950 + $8000 + $3000 = $22,750

Now, we subtract deductions from total income

total income - total deductions = taxable income

$59,500 - $22,750 = $36,750