Tanya Turek has the following sources of income and deductions: What is Tanya's Net Income for Tax Purposes?

Name: Tanya Turek has the following sources of income and deductions: What is Tanya's Net Income for Tax Purposes?
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Question

Tanya Turek has the following sources of income and deductions:  What is Tanya's Net Income for Tax Purposes?

Quizplus · Accepted Answer

Tanya's total income is $41,000 ($25,000 + $16,000). Her total deductions are $19,000 ($8,000 + $6,000 + $3,000 + $2,000). Subtracting her total deductions from her total income, we get her net income for tax purposes which is $22,000. Thus, the correct answer is B.

Tanya Turek Has the Following Sources of Income and Deductions