{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Personal Finance 1 Income Statement

Personal Finance 1 Income Statement - $58,000 $0 $58,000...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
2008 TAXABLE INCOME Filer Spouse Earned Income Wages, Salaries and Tips $45,000 $0 Bonuses and Commissions $2,000 $0 Other $15,000 $0 Total $62,000 $0 Unearned Income Alimony $0 $0 Interest / Dividends / Capital Gains $0 $0 Rental Income Received $0 $0 Tax Refunds $2,000 $0 Other $0 $0 Total $2,000 $0 Total Taxable Income $64,000 $0 Salary Reduction for Employer-Sponsored Benefits Life Insurance Expenses $1,500 $0 Health Insurance Expenses $4,000 $0 Disability Insurance Expenses $0 $0 Other Pre-tax Benefit Expenses $0 $0 Tax-Sheltered Retirement Contributions $500 $0 Adjusted Taxable Income
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $58,000 $0 $58,000 NONTAXABLE INCOME Allowances (Family, Trust, etc.) $0 $0 Child Support $0 $0 Scholarships / Grants / Loans $0 $0 Public Assistance $0 $0 Nontaxable Gifts $0 $0 Total Nontaxable Income $0 $0 $0 TAX CALCULATIONS Part 1 Federal Income Tax Estimate $8,606 Social Security / FICA Estimate $4,743 State Income Tax Estimate none in FL (Taxes Subtotal) $13,349 Disposable Income (Available to spend, save, or invest) $44,651 INCOME STATEMENT WORKSHEET For Target Year...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern