posted by Steve

Jeffrey earned a gross income of \$51,280 last year. He made \$1,746.83 in student loan interest deductions, donated \$2,914 to his favorite charities and paid \$3,941.47 in home mortgage interest. Jeffrey claims a standard deduction of \$11,400 for himself and his non-working spouse. If their exemption is \$7,300, what is their taxable income?

26,891.70

\$23,977.70

\$35,377.70

\$30,833.17

1. Steve

you need to determine which deductions are ignored if he takes the standard deduction...

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