Janette had a gross income of $82,750 this year. She paid $18,945 in taxes and was not eligible for any tax credits. If her average tax rate was 24.8%, how much did Janette claim in total deductions? (Round your answer to the nearest dollar.)

Question

Quizplus · Accepted Answer

To find the total deductions, calculate the taxable income using the average tax rate: $18,945 / 0.248 = $76,411. Subtract this from the gross income: $82,750 - $76,411 = $6,339. Rounding to the nearest dollar gives $6,359.

Janette Had a Gross Income of $82,750 This Year