Answer :
Answer:
Gross income = $38500
Adjusted gross income = $35800
Taxable income = $13000
Step-by-step explanation:
1. Gross income = wages + interest received
Gross income = $36,300 + $2200
Gross income = $38500
2. Adjusted gross income = Gross income - adjustments
Adjusted gross income = $38500 - $2700
Adjusted gross income = $35800
3. Taxable income = adjusted income - (exemption + deductions)
Taxable income = $35800 - ($4050 + $6300 + $7800 + $2900 + $1750)
Taxable income = $35800 - $22800
Taxable income = $13000