multiple choice timothy has an adjusted gross income of $48,000. he is single with no children. he takes the…

multiple choice timothy has an adjusted gross income of $48,000. he is single with no children. he takes the standard deduction of $14,600. how much is his taxable income? a $13,850 b $48,000 c $33,400 d $43,200

multiple choice timothy has an adjusted gross income of $48,000. he is single with no children. he takes the standard deduction of $14,600. how much is his taxable income? a $13,850 b $48,000 c $33,400 d $43,200

Answer

Explanation:

Step1: Recall taxable - income formula

Taxable income = Adjusted gross income - Standard deduction

Step2: Substitute given values

Adjusted gross income = $48000$, Standard deduction = $14600$. So, Taxable income = $48000 - 14600$.

Step3: Calculate the result

$48000-14600 = 33400$

Answer:

C. $33400$