question 24 of 36 a part - time seamstress made $8881.93 last year. if she claimed herself as an exemption…

question 24 of 36 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? a. $5231.93 b. $468.07 c. $3181.93 d. $0

question 24 of 36 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? a. $5231.93 b. $468.07 c. $3181.93 d. $0

Answer

Explanation:

Step1: Define the formula

Taxable income = Total income - Exemption - Standard deduction

Step2: Substitute the values

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

Step3: Calculate the result

$8881.93-(3650 + 5700)=8881.93 - 9350=-468.07$. Since taxable income cannot be negative, the taxable income is $0$.

Answer:

D. $0$