question 5 of 10\nthe table below shows last years gross income, standard deduction, and number of…

question 5 of 10\nthe table below shows last years gross income, standard deduction, and number of exemptions for four different workers.\n\n| | gross income | standard deduction | number of exemptions at $3650 each |\n|--|--|--|--|\n| dolly | $51,678 | $8350 | 2 |\n| emiliano | $45,231 | $5700 | 1 |\n| jerry | $48,099 | $5700 | 2 |\n| yolanda | $55,587 | $8350 | 3 |\n\nassuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

question 5 of 10\nthe table below shows last years gross income, standard deduction, and number of exemptions for four different workers.\n\n| | gross income | standard deduction | number of exemptions at $3650 each |\n|--|--|--|--|\n| dolly | $51,678 | $8350 | 2 |\n| emiliano | $45,231 | $5700 | 1 |\n| jerry | $48,099 | $5700 | 2 |\n| yolanda | $55,587 | $8350 | 3 |\n\nassuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

Answer

Explanation:

Step1: Calculate Dolly's taxable income

Taxable income = Gross income - Standard deduction - (Number of exemptions × Exemption amount). For Dolly, it is $51678 - 8350-(2\times3650)=51678 - 8350 - 7300=36028$.

Step2: Calculate Emiliano's taxable income

For Emiliano, it is $45231 - 5700-(1\times3650)=45231 - 5700 - 3650=35881$.

Step3: Calculate Jerry's taxable income

For Jerry, it is $48099 - 5700-(2\times3650)=48099 - 5700 - 7300=35099$.

Step4: Calculate Yolanda's taxable income

For Yolanda, it is $55587 - 8350-(3\times3650)=55587 - 8350 - 10950=36287$.

Answer:

Jerry