Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions of $2,500 to a tax-deferred retirement account. Soyala has 3 dependents and files as head of household. What is Soyala's total income? What is Soyala's adjusted gross income? For Soyala's filing status, the standard deduction is $9,250, and the exemption amount is $4000 per exemption. What is Soyala's taxable income?

Soyala had $62,401 of income from wages and $119 of taxable interest. Soyala also made contributions of $2,500 to a tax-deferred retirement account. Soyala has 3 dependents and files as head of household. What is Soyala's total income? What is Soyala's adjusted gross income? For Soyala's filing status, the standard deduction is $9,250, and the exemption amount is $4000 per exemption. What is Soyala's taxable income?

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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