Kevin is a single person who earns $70,000 in salary for 2013 and has other income from a variety of investments,as follows:
Kevin received tax refunds when he filed his 2012 tax returns in April of 2013.His federal refund was $600 and his state refund was $300.Kevin's 2012 federal itemized deductions totaled $13,000.In 2013 his itemized deductions total only $3,700,and the amount of withholding for Federal income taxes is $16,900.
Compute Kevin's taxable income for 2013.

Question

Kevin is a single person who earns $70,000 in salary for 2013 and has other income from a variety of investments,as follows:
  Kevin received tax refunds when he filed his 2012 tax returns in April of 2013.His federal refund was $600 and his state refund was $300.Kevin's 2012 federal itemized deductions totaled $13,000.In 2013 his itemized deductions total only $3,700,and the amount of withholding for Federal income taxes is $16,900.
Compute Kevin's taxable income for 2013.

Quizplus · Accepted Answer

The Answer of Kevin is a single person who earns $70,000 in salary for 2013 and has other income from a variety of investments,as follows:
  Kevin received tax refunds when he filed his 2012 tax returns in April of 2013.His federal refund was $600 and his state refund was $300.Kevin's 2012 federal itemized deductions totaled $13,000.In 2013 his itemized deductions total only $3,700,and the amount of withholding for Federal income taxes is $16,900.
Compute Kevin's taxable income for 2013.

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