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Author Question: Lucky Louie earned $100,000 salary this year, had total itemized deductions of $10,000, one personal ... (Read 134 times)

Redwolflake15

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Lucky Louie earned $100,000 salary this year, had total itemized deductions of $10,000, one personal exemption equal to $4,000 and interest income of $3,000. Louie, was not so lucky in the stock market however and had capital losses of $8,000. What was Lucky Louie's taxable income?


◦ $86,000
◦ $81,000
◦ $89,000
◦ $90,000


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Marked as best answer by Redwolflake15 on Apr 12, 2019

lindahyatt42

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Redwolflake15

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Reply 2 on: Apr 12, 2019
Excellent


LegendaryAnswers

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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