a part - time seamstress made $8881.93 last year. if she claimed herself as an exemption for $3650 and had a…

a part - time seamstress made $8881.93 last year. if she claimed herself as an exemption for $3650 and had a $5700 standard deduction, what was her taxable income last year?\n\na. $0\nb. $5231.93\nc. $468.07\nd. $3181.93

a part - time seamstress made $8881.93 last year. if she claimed herself as an exemption for $3650 and had a $5700 standard deduction, what was her taxable income last year?\n\na. $0\nb. $5231.93\nc. $468.07\nd. $3181.93

Answer

Explanation:

Step1: Define taxable income formula

Taxable income = Gross income - Exemption - Standard deduction.

Step2: Substitute given values

Gross income = $8881.93$, Exemption = $3650$, Standard deduction = $5700$. Taxable income = $8881.93-3650 - 5700$.

Step3: Perform subtraction

$8881.93-3650=5231.93$. $5231.93 - 5700=-468.07$. Since taxable income cannot be negative, it is $0$.

Answer:

A. $0$