Emma,a single taxpayer,obtains permission to change from a calendar year to a fiscal year ending June 30,2017.During the six months ending June 30,2017,she earns $40,000 and has $8,000 of itemized deductions.What is the amount of her annualized income?
A)$29,975
B)$64,000
C)$59,950
D)$55,900

Question

Quizplus · Accepted Answer

C)
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Emma,a Single Taxpayer,obtains Permission to Change from a Calendar Year