Question

Janet has a gross income of $20,498, adjustments to income

of $458. She has a single exemption of $8,200, and she has
deductions of $2,128. What is her taxable income?

Answer 1

Here taxable income is $9,712

Explanation:

Here, we want to calculate the value of the taxable income

To get this, we simply deduct all the deductions from the gross income

Mathematically, we have that as:

20498-(8200 + 458 + 2128) = $9,712