To determine the taxable income, we start with the earned income and then subtract the standard deduction.
1. Earned income:
[tex]\($53,850\)[/tex]
2. Standard deduction:
[tex]\($13,850\)[/tex]
3. Calculate the taxable income:
Subtract the standard deduction from the earned income:
[tex]\[
\text{Taxable Income} = \text{Earned Income} - \text{Standard Deduction}
\][/tex]
Plugging in the numbers:
[tex]\[
\text{Taxable Income} = 53,850 - 13,850 = 40,000
\][/tex]
Therefore, your taxable income is [tex]\($40,000\)[/tex].
Answer:
A) $40,000
