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Question 177

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Solve the problem. Refer to the table if necessary. Solve the problem. Refer to the table if necessary.   -Matt is single and earned wages of $32,338. He received $421 in interest from a savings account. He contributed $588 to a tax-deferred retirement plan. He had $579 in itemized deductions from Charitable contributions. Calculate his taxable income. A) $25,492 B) $27,692 C) $22,171 D) $37,247
-Matt is single and earned wages of $32,338. He received $421 in interest from a savings account. He contributed $588 to a tax-deferred retirement plan. He had $579 in itemized deductions from
Charitable contributions. Calculate his taxable income.


A) $25,492
B) $27,692
C) $22,171
D) $37,247

Correct Answer:

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