Kate Is Single and a Homeowner

question 3

Essay

Kate is single and a homeowner.In 2014,she has property taxes on her home of $3,000,makes charitable contributions of $2,000,and pays home mortgage interest of $7,000.Kate's adjusted gross income for 2014 is $77,000.
Required: Compute her taxable income for 2014.

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Definitions:

Cheerfulness

A state of being noticeably happy and optimistic.

Contentment

A state of happiness and satisfaction.

Establish Rapport

The process of building a friendly and harmonious relationship based on understanding and trust.

Modifying Feelings

The process of altering or adjusting one's emotions toward a more desired state.