Question

ravis is single with no dependents. In 2013, his salary was $36,000. He paid $3,500 in interest on his mortgage. He also put $400 into a traditional IRA. His bank account earned $50 in interest. He contributed $4,000 to charity. For 2013, the exemption amount is $3,900 per person. The standard deductions are: $6,100 for single or married filing separate, $12,200 for married filing jointly or $8,950 for head of household. Remember, you can only itemize your deductions or take the standard deduction, not both, so choose the larger of the two. What was his adjusted gross income?

          ravis is single with no dependents.  In 2013, his salary was $36,000.  He paid $3,500 in interest on his mortgage.  He also put $400 into a traditional IRA.  His bank account earned $50 in interest.  He contributed $4,000 to charity.  

For 2013, the exemption amount is $3,900 per person. The standard deductions are:

$6,100 for single or married filing separate,
$12,200 for married filing jointly or 
$8,950 for head of household.
Remember, you can only itemize your deductions or take the standard deduction, not both, so choose the larger of the two.

What was his adjusted gross income?

Added by Becca L.

Question

Please give Ace some feedback