Find out the gus taxable income


Question: In 2023, Gus, who is single with no dependents had the following transactions: Salary $60,000 Interest income on IBM bonds 2,000 Itemized deductions 10,500 ? The standard deduction for single filers in 2023 is $13,850. Gus' taxable income is: Group of answer choices $62,000. $45,650. $48,150. $47,000. $46,550

 

 

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Accounting Basics: Find out the gus taxable income
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