Misti Purchased a Residence This Year $\quad\quad\quad\quad\quad\quad\quad\$ 2,335$ Real Estate Taxes $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,525$

Misti purchased a residence this year. Misti is a single parent and lives with her 1-year old daughter. This year, Misti received a salary of $63,000 and made the following payments: Home mortgage interest $\quad\quad\quad\quad\quad\quad\quad\$ 2,335$
Real estate taxes $\quad\quad\quad\quad\quad\quad\quad\quad\quad\quad1,525$
State income taxes paid $\quad\quad\quad\quad\quad\quad\quad\quad1,340$
Income tax preparation fee $\quad\quad\quad\quad\quad\quad\quad250$
Charitable contributions (cash to their church) $\quad120$ Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

Correct Answer:

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$46,000 = ...

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