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G Had Income and Expenses as Follows for the Current \quad

Question 60

Multiple Choice

G had income and expenses as follows for the current taxable year: Total income \quad$32,400\$ 32,400
Exclusions (municipal bond interest) \quad 2,000
Deductions for A.G.I. \quad\quad1,200\quad 1,200
Total itemized deductions \quad\quad 9,920
Standard deduction \quad\quad 5,150
Exemption deductions 6,600\quad 6,600 What are G's adjusted gross income and her taxable income, respectively? Assume all amounts are correct.


A) $29,200; $12,680
B) $31,200; $14,680
C) $29,200; $17,050
D) $28,000; $12,680

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