Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. for 2021, tanya (head of household, age 44) had gr

For 2021, Tanya (head of household, age 44) had gross income of $70,000. Her expenses...

90.2K

Verified Solution

Question

Accounting

For 2021, Tanya (head of household, age 44) had gross income of $70,000. Her expenses for potential deductions from gross income for the year are: Medical expenses paid for a friend in need 7,000 Personal medical expenses 8,000 State income tax + personal property taxes 5,400 Mortgage interest 1,800 Investment interest (investment income was $500) 700 Charitable contributions: Checks written 1,500 Carryover from 2019 300 Contribution to traditional IRA account 6,000 What should Tanya report on Line 9 of Form 1040?

I cant find my mistake in my math can you show me how it breaks down please?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students