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Joseph and Tatiana Ramirez earned a combined total income of $54,768for the year. Their exemptions and deductions include $5,000 fordependents; $1,200 in charitable contributions; and $2,100 in allowablemedical expenses. What is their taxable income?

User PerduGames
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1 Answer

4 votes

ok

Taxable income = gross total income - exeptions - deductions

Taxable income = $54768 - $5000 - $1200 - $2100

taxable income = $46468 This is the solution

User JeroenEijkhof
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