Charles Is a Single Person,age 35,with No Dependents

question 141

Multiple Choice

Charles is a single person,age 35,with no dependents.In 2017,Charles has gross income of $75,000 from his sole proprietorship.Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship.He has interest and dividend income of $22,000.Charles has no itemized deductions.Charles's taxable income is

• A)$6,600.
• B)$10,650.
• C)$12,950.
• D)$17,000.

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