SOLUTION: I'm having a hard time figuring this out. I have read book after book about taxes and cannot find how to solve it. Can someone help me? If you earn $75,000 this year and have d

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Question 1139392: I'm having a hard time figuring this out. I have read book after book about taxes and cannot find how to solve it. Can someone help me?
If you earn $75,000 this year and have deductions of $18,000, what is your taxable income?

Answer by ikleyn(52765)   (Show Source): You can put this solution on YOUR website!
.

With the keywords  "Taxable income"  go to  GOOGLE search,  and the first website it points you is  THIS  

Investopedia, the Internet page https://www.investopedia.com/terms/t/taxableincome.asp

    Taxable income is the amount of income used to calculate how much tax an individual or a company owes to the government 
    in a given tax year. It is generally described as gross income or adjusted gross income 
    (which is minus any deductions or exemptions allowed in that tax year).

$75000   MINUS   $18000.


3 minutes search in the Internet.



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