Neal Caffrey is single. During 2025, he received $75,000 of…
Neal Caffrey is single. During 2025, he received $75,000 of salary from his employer. That was his only source of income. He reported $2,000 of for AGI deductions. He also reported $14,000 of itemized deductions. The 2025 standard deduction amount for a single taxpayer is $15,750. What is Neal’s Adjusted Gross Income? What is Neal’s taxable income? Please show your work.
Neal Caffrey is single. During 2025, he received $75,000 of…
Questions
Neаl Cаffrey is single. During 2025, he received $75,000 оf sаlary frоm his emplоyer. That was his only source of income. He reported $2,000 of for AGI deductions. He also reported $14,000 of itemized deductions. The 2025 standard deduction amount for a single taxpayer is $15,750. What is Neal's Adjusted Gross Income? What is Neal's taxable income? Please show your work.
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