Carter is a single individual with a gross annual income of $90,000 He claims $15,000 in deductions and $5,000 in exemptions. What is Carter's taxable income after accounting for deductions and exemptions?
Answer
A
70 dollars comma 000
B
85 point 0 0 0 dollars
C
110 dollars comma 000
D
95 dollars comma 000
Explanation
Subtract the deductions and exemptions from Carter’s gross annual income: $90,000 − $15,000 − $5,000 = $70,000. Carter’s taxable income is $70,000, which is choice C.
AI-written and checked against the verified answer.