Find the gross income, the adjusted gross income, and the taxable income. A single man earned wages of $46,500, received $1850 in interest from a savings account, received $15,000 in winnings on a television game show, and contributed $2300 to a tax-deferred savings plan. He is entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on his home mortgage was $6500, he paid $2100 in property taxes and $1855 in state taxes, and he contributed $3000 to charity. O $63,350; $61,050; $43,795 O $63,350; $61,050; $51,300 O $63,350; $61,050; $38,845 O $63,350; $61,050; $46,095

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ISBN:9780470458365
Author:Erwin Kreyszig
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Find the gross income, the adjusted gross income, and the taxable
income.
A single man earned wages of $46,500, received $1850 in interest from a
savings account, received $15,000 in winnings on a television game
show, and contributed $2300 to a tax-deferred savings plan. He is
entitled to a personal exemption of $3800 and a standard deduction of
$5950. The interest on his home mortgage was $6500, he paid $2100 in
property taxes and $1855 in state taxes, and he contributed $3000 to
charity.
O $63,350; $61,050; $43,795
O $63,350; $61,050; $51,300
O $63,350; $61,050; $38,845
$63,350; $61,050; $46,095
Transcribed Image Text:Find the gross income, the adjusted gross income, and the taxable income. A single man earned wages of $46,500, received $1850 in interest from a savings account, received $15,000 in winnings on a television game show, and contributed $2300 to a tax-deferred savings plan. He is entitled to a personal exemption of $3800 and a standard deduction of $5950. The interest on his home mortgage was $6500, he paid $2100 in property taxes and $1855 in state taxes, and he contributed $3000 to charity. O $63,350; $61,050; $43,795 O $63,350; $61,050; $51,300 O $63,350; $61,050; $38,845 $63,350; $61,050; $46,095
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