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