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David Expects Taxable Revenues of $110,333 in the Current Year

Question 5

Multiple Choice

David expects taxable revenues of $110,333 in the current year.His adjustments to revenues are projected to be $18,222 this year.His deductions and exemptions are projected at $35,666.There is no state income tax where David resides,and his assumed tax bracket is 30%.What is his adjusted gross income?


A) $19,110.24.
B) $19,112.50.
C) $19,113.50.
D) $19,110.50.
E) None of the above.

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