Gross
Income
Standard
Deduction
Number of Exemptions at
$3650 Each
Delaney $77,568
$8350
Jamie
$71,234
$5700
Oliver
$74,872
$8350
Thomas $77,623
$5700
Assuming that each worker used the standard deduction and that none of the
workers had any additional adjustments, which worker had the lowest taxable
income last year?
O
A. Jamie
O
B. Oliver
O
C. Delaney
O
D. Thomas

Respuesta :

Answer: Thomas

Step-by-step explanation:

If each worker used the standard deduction and no worker had any additional adjustments, the worker with the lowest taxable income last year was A. Jamie.

What is taxable income?

The taxable income is the difference between a worker's gross income and the total deductions (standard or itemized).

Data and Calculations:

                  Gross Income     Standard       Number of       Taxable

                                             Deduction   Exemptions at     Income

                                                                    $3,650 Each

Delaney          $77,568          $8,350                               $69,218 ($77,568 - $8,350)

Jamie               $71,234         $5,700                               $65,534 ($71,234 - $5,700)

Oliver              $74,872         $8,350                               $66,522 ($74,872 - $8,350)

Thomas          $77,623         $5,700                                $71,923 ($77,623 - $5,700)

Thus, if each worker used the standard deduction and no worker had any additional adjustments, the worker with the lowest taxable income last year was A. Jamie.

Learn more about taxable income at https://brainly.com/question/2743145

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