Maria had exemptions of $4,000 for herself and dependents. Her deductions include $12,500 for damage caused to her house by a lightning storm, $500 for charitable contributions, and property taxes of $1,500. What is her taxable income if she has an income of $62,500?
$81,000
$62,500
$44,000
$50,000
+4
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Home » Mathematics » Maria had exemptions of $4,000 for herself and dependents. Her deductions include $12,500 for damage caused to her house by a lightning storm, $500 for charitable contributions, and property taxes of $1,500.