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Alicia (age 27) is a single, full-time college student. she earns $13,200 from a part-time job and has taxable interest income of $1,450. her itemized deductions are $845. what is her taxable income

Respuesta :

Alicia's taxable income for 2015,

Formula to calculate Alicia’s taxable income

Total Income = Part time earning from Job + taxable interest income – standard deduction or itemized deduction whichever is higher  

                        = $13200+$1450-6-$6300

                        = 14650

Standard deduction = $6300

Taxable Income = $8,350


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