Solved

Bryan Is 67 Years Old and Lives Alone  Real estate taxes$1,640\ \text{Real estate taxes}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\$ 1,640

Question 113

Short Answer

Bryan is 67 years old and lives alone. This year he has received $25,000 in taxable interest and pension payments, and he has paid the following expenses:  Real estate taxes$1,640\ \text{Real estate taxes}\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad\$ 1,640
 Medical expenses ($ 2,000 was reimbursed by insurance)3,650\ \text{Medical expenses (\$ 2,000 was reimbursed by insurance)}\quad\quad\quad3,650
 Charitable contributions (cash to the Unity church)460\ \text{Charitable contributions (cash to the Unity church)}\quad\quad\quad\quad\quad460 If Bryan files single with one personal exemption, calculate his taxable income.

Correct Answer:

verifed

Verified

$13,300 = ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents