Charlotte, a single taxpayer, operates a restaurant as a sole proprietor. In 2022, her business generates income of $160,000, and incurs expenses of $50,000, and $4,000 of qualified dividend income. Her AGI is $104,000, and the standard deduction for a single taxpayer in 2022 is 12,950. 

What is Charlotte's taxable income?  

Answer rating: 100% (QA)

To calculate Charlottes taxable income we need to start with her adju... View the full answer