The following facts apply to Brooke, a self-employed individual. Income....................................$50,000 Student loan interest........................1,000 Alimony received............................6,000 Child support

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The following facts apply to Brooke, a self-employed individual.
Income....................................$50,000
Student loan interest........................1,000
Alimony received............................6,000
Child support received...................12,000
The FICA/Medicare tax rate is 15.3%. Considering only the above, what is Brooke's adjusted gross income?
a. $47,350
b. $51,175
c. $53,350
d. $57,175
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South Western Federal Taxation Individual Income Taxes 2017

ISBN: 9781305873988

40th Edition

Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young, Nellen

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