Question

The table below shows last year's gross income, standard deduction, and number of exemptions for four different workers.

Gross income

Standard deduction

Number of exemptions at $3650 each



Dante

$52,988

$8,350

3



Elvira

$43,829

$5,700

1



Josie

$49,789

$8,350

2



Victor

$46,912

$5,700

2

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?

Answer 1

Employee            Dante            Elvira          Josie           Victor 
Gross Income     52,988.00    43,829.00    49,789.00    46,912.00
Std. deduction      8,350.00      5,700.00      8,350.00      5,700.00
# of exemption           3                1                2                2 
total exemption    10,950.00      3,650.00      7,300.00      7,300.00
(# of exemption * 3,650)

taxable income    33,688.00    34,479.00    34,139.00    33,912.00
(Gross Income - Std. deduction - total exemption)

Among the workers, DANTE has the lowest taxable income last year.

Answer 2

Step-by-step explanation:

Dante