45. According to Josh's W-2 statement, his wages were $27,391 for the previous year. He also earned $345 interest from his savings account. Since he is filing as a single person who cannot be claimed as a dependent on his parent's tax form, his standard deduction is $7,800. What is Josh's taxable income? A. $24,726.05 B. $16,926.05 C. $19,936.00 D. $31,525.95

45. According to Josh's W-2 statement, his wages were $27,391 for the previous year. He also earned $345 interest from his savings account. Since he is filing as a single person who cannot be claimed as a dependent on his parent's tax form, his standard deduction is $7,800. What is Josh's taxable income? A. $24,726.05 B. $16,926.05 C. $19,936.00 D. $31,525.95

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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