A man earned wages of $52 comma 800, received $2200 in interest from a savings account, and contributed $4000 to a tax-deferred retirement plan. He was entitled to a personal exemption of $3800 and had deductions totaling $7020. Find his gross income, adjusted gross income, and taxable income.

gross income:$55000

adjusted gross income: $51000

taxable income: $40180

Explanation:

Given:

As we know that,

= $52800 + $2200

= $55000

= $55000  - $4000

= $51000

= $51000 - ($3800 + $7020)

= $40180

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lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o