Greg is single. During 2016, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions and $7,000 of itemized deductions. The 2016 standard deduction amount for a single taxpayer is $6,300 and the 2016 exemption amount is $4,050. What is Greg's taxable income?

Question

Quizplus · Accepted Answer

The Answer of Greg is single. During 2016, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions and $7,000 of itemized deductions. The 2016 standard deduction amount for a single taxpayer is $6,300 and the 2016 exemption amount is $4,050. What is Greg's taxable income?

Greg Is Single