Question

A part-time caregiver made $8944.58 last year. If he claimed himself as an

exemption for $3650 and had a $5700 standard deduction, what was his
taxable income last year?
OA. $5294.88
OB. $405.42
OC. $0
OD. $3244.58

Answer 1

To calculate the taxable income, subtract the exemption and standard deduction from the total income:

Taxable Income

=

Total Income

−

Exemption

−

Standard Deduction

Taxable Income=Total Income−Exemption−Standard Deduction

Given:

Total Income = $8944.58

Exemption = $3650

Standard Deduction = $5700

Taxable Income

=

8944.58

−

3650

−

5700

=

−

405.42

Taxable Income=8944.58−3650−5700=−405.42

Therefore, the correct option is:

OB. $405.42