4. georgia reports $19,600 in taxable income on her federal tax return. the amount of her deductions and tax…

4. georgia reports $19,600 in taxable income on her federal tax return. the amount of her deductions and tax credits total $17,500. what is her adjusted gross income? 5. diedra bought a house for $69900 and sold it three years later for $72200. assuming a capital gains tax rate

4. georgia reports $19,600 in taxable income on her federal tax return. the amount of her deductions and tax credits total $17,500. what is her adjusted gross income? 5. diedra bought a house for $69900 and sold it three years later for $72200. assuming a capital gains tax rate

Answer

Explanation:

Step1: Recall the formula

Adjusted gross income = Taxable income+Deductions and tax credits

Step2: Substitute the values

Adjusted gross income = $19600 + 17500$

Step3: Calculate the result

Adjusted gross income=$37100$

Answer:

$37100$