If you are married and claiming the standard deduction, and gross income is $100,000 and the standard deduction is $24,000, what is your taxable income?
A) $124,000
B) $80,000
C) $76,000
D) $74,500
Correct Answer:
Verified
Q37: All reportable income from any source is
Q38: Interest and dividends received by an individual
Q39: A long-term capital gain results from profit
Q40: The timing on the sale of an
Q41: Which of the following gross income is
Q43: A young couple buying a home would
Q44: There are 10 tax brackets for individual
Q45: Taxpayers will choose to take the standard
Q46: The standard deduction for married taxpayers in
Q47: Which of the following is not includable
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents