The 2012 standard deduction amount of a single taxpayer is, Ask an Expert

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Greg is single. During 2012, he received $60,000 of salary from his employer. That was his only source of income. He reported $3,000 of for AGI deductions, $6,000 of itemized deductions. The 2012 standard deduction amount of a single taxpayer is $5,950 and the 2012 exemption amount is $3,800. What is Greg's taxable income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948016

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