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Linda has an adjusted gross income of $37,900 and will file as a single taxpayer taking the standard deduction. What is her taxable income?

User CoastalB
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Final answer:

Linda's taxable income is calculated by subtracting the standard deduction from her adjusted gross income. Using the 2010 figure for the standard deduction, her taxable income would be $28,550.

Step-by-step explanation:

To calculate Linda's taxable income, we must subtract the standard deduction from her adjusted gross income. Based on the provided information, the standard deduction for a single taxpayer in 2010 was $9,350. Although the standard deduction is adjusted for inflation each year, for the purpose of this question, we will use the 2010 figure.

Linda has an adjusted gross income of $37,900 and will claim the standard deduction.

Therefore, Linda's taxable income would be:

Adjusted gross income - standard deduction
$37,900 - $9,350 = $28,550

So, Linda's taxable income is $28,550.

User Xxy
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