Paige Turner files her

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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Paige Turner files her taxes as head of household, claiming two dependents. She is under age 65, but is not blind.  She paid the following taxes:

  • Real property taxes of $6,464
  • Federal income taxes of $7,215
  • Sales taxes of $869
  • Personal property taxes of $516
  • State income taxes of $2,872

If her adjusted gross income was $65,992, what would her deductible taxes be (assuming she has sufficient other expenses)?

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