Section PF.5 – Solutions to the Practice Problems

1.
Gross income $24,451
Adjusted gross income $23,851
Taxable income $151

2.
Gross income $93,137
Adjusted gross income $91,337
Taxable income $64,437

3.
Gross income $97,080
Adjusted gross income $92,280
Taxable income $42,830

4.
Gross income $49,875
Adjusted gross income $47,775
Taxable income $13,725

5. $4,139

6. $20,068

7. $76,752

8. $5,730

9. $4,492

10. $4,578

11. $2,441

12. $12,798

13. $24,870