He has no deductions for adjusted gross income eugenes


Question - Eugene is single. For 2015, Eugene earned $25,000 from his job. He had $4,000 of medical expenses that were completely paid for by his company provided health insurance. His company also paid $5,000 of health insurance premiums on his behalf. He is entitled to claim one personal exemption. He has no deductions for adjusted gross income. Eugene's itemized deductions are $11,200. What is Eugene's taxable income?

A. $9,800

B. $13,800

C. $14,800

D. $21,000

E. None of the above

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Accounting Basics: He has no deductions for adjusted gross income eugenes
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