LaTosha had $103,500 of income from wages and $3,550 of taxable interest. LaTosha also made contributions of $2,800 to a tax-deferred retirement account. LaTosha has 0 dependents and files as single. What is LaTosha's total income? What is LaTosha's adjusted gross income? For LaTosha's filing status, the standard deduction is $12,000. What is LaTosha's taxable income? Use the 2018 tax table to find the income tax for LaTosha filing as single. Round to the nearest dollar.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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LaTosha had $103,500 of income from wages and $3,550 of taxable interest. LaTosha also made contributions of $2,800 to a tax-deferred retirement account. LaTosha has 0 dependents and files as single.

What is LaTosha's total income?



What is LaTosha's adjusted gross income?



For LaTosha's filing status, the standard deduction is $12,000. What is LaTosha's taxable income?



Use the 2018 tax table to find the income tax for LaTosha filing as single. Round to the nearest dollar.

 

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