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Kate Is Single and a Homeowner

question 112

Essay

Kate is single and a homeowner.In 2013,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 2013 is $77,000.
Required: Compute her taxable income for 2013.


Definitions:

Pew Health Professions

Possibly refers to research or initiatives related to health professions undertaken by the Pew Charitable Trusts; if no specific program or research exists, consider this as NO.

Graduate Medical Degrees

Advanced degrees awarded to students who have completed medical school, qualifying them to practice medicine.

Certified

A designation given to someone who has met specified qualifications or passed a given test.

Life-Long Learning

The continuous pursuit of knowledge and skills throughout an individual's life for personal and professional development.

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