Georgia Huckabee has an adjusted gross income of $100,234 and itemized deductions that total $12,055 Georgia can claim 2 exemptions. What is her taxable income? (One exemption = $4000.)

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter3: Computing The Tax
Section: Chapter Questions
Problem 19CE
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Georgia Huckabee has an adjusted gross income of $100,234 and itemized deductions that total $12,055 Georgia can claim 2 exemptions. What is her taxable income? (One exemption = $4000.)

 
Answer:   ($80,179)
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