Scenario 1: Donald Canard is an Actor. He supports his three nephews, who all live with...

Scenario 1: Donald Canard is an Actor. He supports his three nephews, who all live with him.
His sole income from acting is 43,073

What is his taxable income?

What is his tax before credits?

Year: 2017

Solutions

Expert Solution

Gross income	43,073

Less
Stadard deduction	6,350
AGI	36,723


Exemptions	4
Exemption amount	4,050
Total exemption	16,200

Taxable income	20,523

Tax before credits:

Gross income	43,073

Less
Stadard deduction	6,350
AGI	36,723


Exemptions	4
Exemption amount	4,050
Total exemption	16,200

Taxable income	20,523

Tax from tax table	2,613

ekkarill92 answered 1 year ago

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