Question:

A man earned wages of $52,000, received $2600 in interest

Last updated: 7/14/2022

A man earned wages of $52,000, received $2600 in interest

A man earned wages of $52,000, received $2600 in interest from a savings account, and contributed $3700 to a tax-deferred retirement plan. He was entitled to a personal exemption of $3800 and had deductions totaling $6430. Find his gross income, adjusted gross income, and taxable income.