Misti Purchased a Residence This Year Misti Files as a Head of Household and Claims Two

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: $\begin{array}{llcc} \text { Home mortgage interest } &\$2,335 \\ \text { Real estate taxes } &1,525\\ \text {State income taxes paid } &1,340\\ \text { Income tax preparation fee } &250\\ \text {Charitable contributions (cash to their church) } &120\\\end{array}$
Misti files as a head of household and claims two exemptions. Calculate her taxable income this year.

Correct Answer:

Verified

$46,000 = ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

View Full Answer For Free