Maureen Smith is a single individual.She claims one exemption of $4,000 for herself and claims a standard deduction of $6,300.Her salary for the year was $75,000.What is her taxable income?

Question

​Maureen Smith is a single individual.She claims one exemption of $4,000 for herself and claims a standard deduction of $6,300.Her salary for the year was $75,000.What is her taxable income?

Quizplus · Accepted Answer

First, we calculate her taxable income by subtracting her exemption and standard deduction from her salary: 
$75,000 - $4,000 - $6,300 = $64,700. 
Therefore, the answer is choice B, $64,700.

​Maureen Smith Is a Single Individual

Maureen Smith Is a Single Individual