Question:

A woman eamed wages of $31,200, received $2800 in interest

Last updated: 7/23/2022

A woman eamed wages of $31,200, received $2800 in interest

A woman eamed wages of $31,200, received $2800 in interest from a savings account, and contributed $3200 to a tax-deferred retirement plan. She was entitled to a personal exemption of $2600 and had deductions totaling $5220. Find her gross income, adjusted gross income, and taxable income.