Jeffrey earned a gross income of $51,280 last year. He made $1,746.83 in student loan interest deductions, donated $2,914 to his favorite charities and paid $3,941.47 in home mortgage interest. Jeffrey claims a standard deduction of $11,400 for himself and his non-working spouse. If their exemption is $7,300, what is their taxable income?
26,891.70 <-----------
$23,977.70
$35,377.70
$30,833.17
Earl purchased a living room set for $3,592 using a 12-month deferred payment plan. The interest rate after the introductory period is 21.80%. A down payment of $275 is required as well as a minimum monthly payment of $112. What is the balance after the introductory period if only the minimum payment is made until then?
$4,004.92
$2,839.23
$4,116.92
$2,772.92
Read more: Jeffrey earned a gross income of $51,280 last year. He made $1,746.83 in student loan what am i doing wrong?
