Erin is 67,single and has an adjusted gross income of $14,300.She has no dependents and her itemized deductions are $6,000.What is her 2013 taxable income?

Question

Quizplus · Accepted Answer

Erin's taxable income is $14,300 - $6,000 = $8,300. The standard deduction for a single person in 2013 is $5,950. Therefore, Erin's taxable income is $8,300 - $5,950 = $2,350. However, the minimum taxable income for a single person in 2013 is $2,800. Therefore, Erin's taxable income is $2,800.

Erin Is 67,single and Has an Adjusted Gross Income of $14,300.She