Jessica, who is single with one familial dependent, has the following for the calendar year 2019: 

RECEIPTS FOR YEAR 

Salary as Business Consultant (part-time)... ..$24,200 

Interest from Friendly Bank...... ............................2,436 

Interest from City of Chula Vista bonds....... .......2,000 

Social Security benefits .........................................19,000 

EXPENDITURES FOR YEAR Contribution to IRA........ 920 

itemized deductions............................................. 17,400 

Jessica claims one $500 dependency credit.

How much are Jessica's adjusted gross income, taxable income and gross tax? 

Answer rating: 100% (QA)

Answer Gross income Salary Int from bank Int from ci... View the full answer