Amanda has gross income of $85,000 Amanda has the following expenses Qualifying student loan interest of $3,000 Mortgage interest of $5,000 State taxes of $4,000 Qualifying medical expenses of $7,000 Please determine Amanda 's taxable income Be sure to explain your calculations in detail ...

To determine Amandas taxable income we need to calculate her Adjusted Gross Income AGI first AGI is ...

Amanda has gross income of $85,000. Amanda has the following expenses: Qualifying student loan interest of $3,000.

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Amanda has gross income of $85,000. Amanda has the following expenses:

Qualifying student loan interest of $3,000.
Mortgage interest of $5,000
State taxes of $4,000
Qualifying medical expenses of $7,000

Please determine Amanda's taxable income. Be sure to explain your calculations in detail.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Aug 05, 2023 01:30 AM

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Amanda has gross income of $85,000. Amanda has the following expenses: Qualifying student loan interest of $3,000.

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Income Tax Fundamentals 2013

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