Question

The table below shows last year's gross income, standard deduction, and number of exemptions for four different workers.

Gross income

Standard deduction

Number of exemptions at $3650 each



Dante

$52,988

$8,350

3



Elvira

$43,829

$5,700

1



Josie

$49,789

$8,350

2



Victor

$46,912

$5,700

2

Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

Answer 1

Explanation:

Dante

Answer 2

Employee Dante Elvira Josie Victor
Gross Income 52,988.00 43,829.00 49,789.00 46,912.00
Std. deduction 8,350.00 5,700.00 8,350.00 5,700.00
# of exemption 3 1 2 2
total exemption 10,950.00 3,650.00 7,300.00 7,300.00
(# of exemption * 3,650)

taxable income 33,688.00 34,479.00 34,139.00 33,912.00
(Gross Income - Std. deduction - total exemption)

Among the workers, DANTE has the lowest taxable income last year.