In 2013,Carol,who is 54 and single,earned a salary of $54,000 and $6,000 of interest on State of Nevada bonds.She contributed $2,000 to her Roth IRA,paid a $4,000 hospital bill,state income taxes of $1,500,real estate taxes of $900,mortgage interest of $4,500,and $2,000 interest on her margin account under which she purchased the bonds.What is Carol's taxable income?
A) $41,200
B) $43,200
C) $44,800
D) $47,500
Correct Answer:
Verified
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