Kevin is a single person who earns $70,000 in salary for 2017 and has other income from a variety of investments,as follows:
Kevin received tax refunds when he filed his 2016 tax returns in April 2017.His federal refund was $600 and his state refund was $300.Kevin deducted his state taxes paid in 2016 as an itemized deduction on his 2016 return.Due to changes in circumstances,Kevin is not itemizing deductions on his 2017 return.
Compute Kevin's taxable income for 2017.

Question

Kevin is a single person who earns $70,000 in salary for 2017 and has other income from a variety of investments,as follows:
  Kevin received tax refunds when he filed his 2016 tax returns in April 2017.His federal refund was $600 and his state refund was $300.Kevin deducted his state taxes paid in 2016 as an itemized deduction on his 2016 return.Due to changes in circumstances,Kevin is not itemizing deductions on his 2017 return.
Compute Kevin's taxable income for 2017.

Quizplus · Accepted Answer

The Answer of Kevin is a single person who earns $70,000 in salary for 2017 and has other income from a variety of investments,as follows:
  Kevin received tax refunds when he filed his 2016 tax returns in April 2017.His federal refund was $600 and his state refund was $300.Kevin deducted his state taxes paid in 2016 as an itemized deduction on his 2016 return.Due to changes in circumstances,Kevin is not itemizing deductions on his 2017 return.
Compute Kevin's taxable income for 2017.

Kevin Is a Single Person Who Earns $70,000 in Salary