Itemized deductions and taxable income


What is Paula's taxable income for 2013? Assume she is single and claimed THREE dependent children, David, John and Ronide. Assume further that Paula's AGI is $52,000 and that her itemized deductions are $15,000.

a. $52,000

b. $37,000

c. $25,300

d. $21,400

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Accounting Basics: Itemized deductions and taxable income
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