For 2016, the personal exemption amount is $4,050. The 2016 standard deduction is $6,300 for unmarried taxpayers or married taxpayers filing separately, $12,600 for married taxpayers filing jointly, and $9,300 for taxpayers filing as head of household. Calculating Zachary's Taxable Income Zachary is an unmarried person filing single. Calculate Zachary's 2016 taxable income by filling in the worksheet. Enter adjustments, deductions, and exemptions as negative numbers. 2016 Taxable Income Gross income Zachary will earn $80,965 in wages this year. He estimates dividend and interest income at $250. He itemizes deductions. He paid mortgage interest of $7,893. His state and local taxes were $2,560. He is entitled to one exemption. He donated $1,000 to charity. Less: Adjustments to income Adjusted gross income Less: Deductions Subtotal Less: Exemptions Taxable income