8
practice testMultiple Choice

Practice Test

Question 8 • Mathematics for Data and Financial Literacy

Chana's gross income is $⁢80,000 and she claims $⁢15,000 in deductions. Chana is filing as single. What is her taxable income?

Answer
A
95 dollars comma 000
B
65 dollars comma 000
C
15 dollars comma 000
D
80 dollars comma 000

Explanation

Taxable income is gross income minus deductions. Subtract $15,000 from $80,000: $80,000 − $15,000 = $65,000. Chana’s taxable income is $65,000, choice B.

AI-written and checked against the verified answer.

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