In: Finance
Sally's total income is $38 000 and she divorced last year. She does not own a home, but has charitable contributions of $1500 and interest on her car of $2100. This year she also paid spousal support of $2000, child support of $5000, and tuition of $2600. Her basic personal amount is $11 138. What is Sally's taxable income?
A) $34 500
B) $31 900
C) $36 000
D) $20 762
Total income: $38 000 Charitable contributions :$1500 Interest on her car: $2100 spousal support: $2000 child support: $5000 tuition: $2600 personal amount: 11 138 Sally's taxable income: $36 000 |
Option C is correct Answer |