Web Analytics

The table below shows last year's gross income, standard deduction, and number of exemptions for four different workers.


Gross income


Standard deduction


Number of exemptions at $3650 each




Dante


$52,988


$8,350


3




Elvira


$43,829


$5,700


1




Josie


$49,789


$8,350


2




Victor


$46,912


$5,700


2


Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

Verified Answer :



Employee
           Dante 
          Elvira 
        Josie 
         Victor 



Gross Income
    52,988.00
   43,829.00
   49,789.00
   46,912.00



Std. deduction
     8,350.00
     5,700.00
     8,350.00
     5,700.00



# of exemption 
         3                1                2                2 



total exemption
   10,950.00
     3,650.00
     7,300.00
     7,300.00
(# of exemption * 3,650)





taxable income
   33,688.00
   34,479.00
   34,139.00
   33,912.00
(Gross Income - Std. deduction - total exemption)

Among the workers, DANTE has the lowest taxable income last year.

Step-by-step explanation:

Dante