Ch+3+problem+62.xlsx - Problem 62 wages self-employement income interest income dividend income Gross Income Loss from self-employed income employer

Ch+3+problem+62.xlsx - Problem 62 wages self-employement...

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Problem 62 wages $ 20,000.00 self-employement income $ 24,000.00 interest income $ 3,000.00 dividend income $ 5,100.00 Gross Income $ 52,100.00 (-) Loss from self-employed income $ 10,000.00 (-) employer portion of self-employed tax $ 989.00 Adjusted Gross Income $ 41,111.00 (-) personal deductin $ 4,050.00 (-) standard deduction single

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