Marie, an unmarried taxpayer, is 26 years old. This year, Marie earned $50,000 gross income. Her itemized deductions totaled $5,100. Marie maintained a home for her 12-year-old sister who qualifies as Marie's dependent. Compute Marie's taxable income.

Question

Quizplus · Accepted Answer

Marie's taxable income can be computed as follows:
Gross Income: $50,000
Less: Itemized Deductions: $5,100
Adjusted Gross Income: $44,900
Less: Personal Exemption: $4,050 (for one dependent)
Taxable Income: $40,850

Therefore, the correct answer is choice B, $31,350.

Marie, an Unmarried Taxpayer, Is 26 Years Old