Respuesta :
For this case what you must do is the following operation:
Taxable income = Household income-Personal exemption-Standard deduction.
Substituting the values we have:
Taxable income = ((16) * (2000)) - (4050) - (6350)
Taxable income = 21600 $
Answer:
her taxable income is 21600 $
Taxable income = Household income-Personal exemption-Standard deduction.
Substituting the values we have:
Taxable income = ((16) * (2000)) - (4050) - (6350)
Taxable income = 21600 $
Answer:
her taxable income is 21600 $
Answer:
$21600
Explanation:
Sasha is a single woman who is paid $16 per hour for 2,000 hours of work per year. Using her exemption of $4,050 and her standard deduction of $6,350, what is her taxable income?
To get the amount she was paid in a year
we calculate= $16/hr*2000hr=$32000
Wages (a) $32,000
Standard Deduction (b) $6,350
Personal Exemption (c) $4,050
Total (standard (d) = (b) + (c) $ 10,400
deduction +exemption)
Taxable Income (e) = (a) – (d) $21600
Sasha's taxable income is $21600