Barry is age 45 and a single taxpayer. In 2014, he has gross income of $17,000 and itemized deductions of $6,500. If Barry claims one exemption on his 2014 income tax return, calculate the following amounts:
a.His personal exemption amount
b.Barry's taxable income

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The Answer of Barry is age 45 and a single taxpayer. In 2014, he has gross income of $17,000 and itemized deductions of $6,500. If Barry claims one exemption on his 2014 income tax return, calculate the following amounts:
a.His personal exemption amount
b.Barry's taxable income

Barry Is Age 45 and a Single Taxpayer