Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments: $\begin{array}{llcc}
\text { Home mortgage interest } &\$2,335 \
\text { Real estate taxes } &1,525\
\text {State income taxes paid } &1,340\
\text { Income tax preparation fee } &250\
\text {Charitable contributions (cash to their church) } &120\
\end{array}$
Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

Question

Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments: $\begin{array}{llcc}
  \text { Home mortgage interest } &\$2,335  \
 \text { Real estate taxes } &1,525\
 \text {State income taxes paid  } &1,340\
 \text { Income tax preparation fee } &250\
 \text {Charitable contributions (cash to their church)  } &120\
\end{array}$
 Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

Quizplus · Accepted Answer

The Answer of Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments: $\begin{array}{llcc}
  \text { Home mortgage interest } &\$2,335  \
 \text { Real estate taxes } &1,525\
 \text {State income taxes paid  } &1,340\
 \text { Income tax preparation fee } &250\
 \text {Charitable contributions (cash to their church)  } &120\
\end{array}$
 Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

Misti Purchased a Residence This Year Misti Files as a Head of Household and Claims Two