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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(52754)   (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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