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During 2018​, Doug incurs the following deductible​ expenses:
$ 2,300 in state income​ taxes, $ 3,000 in local property​ taxes, $ 800 in medical​ expenses, and $ 2,000 in charitable contributions.
Doug is​ 33, single, has no​ dependents, and has $ 35,000 AGI for the year.
What is the amount of Doug's taxable income?

Respuesta :

lavanyaande

The amount of Doug's taxable income is $27,700.

Explanation:

GIVEN:

AGI = $35,000

State income​ taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income​ taxes+Local property taxes+Charitable contribution

                                        = 2300+3000+2000

                                        = $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

                         = $27,700

The amount of Doug's taxable income is $27,700.

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