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The table below shows last year's gross income, standard deduction, and number of exemptions for four different workers.

\begin{tabular}{|l|l|l|l|}
\hline & \multicolumn{1}{|c|}{\begin{tabular}{c}
Gross \\
Income
\end{tabular}} & \multicolumn{1}{|c|}{\begin{tabular}{c}
Standard \\
deduction
\end{tabular}} & \multicolumn{1}{|c|}{\begin{tabular}{c}
Number of exemptions at \\
[tex]$\$[/tex] 3650[tex]$ each
\end{tabular}} \\
\hline Dante & $[/tex]\[tex]$ 52,988$[/tex] & [tex]$\$[/tex] 8350[tex]$ & 3 \\
\hline Elvira & $[/tex]\[tex]$ 43,829$[/tex] & [tex]$\$[/tex] 5700[tex]$ & 1 \\
\hline Josie & $[/tex]\[tex]$ 49,789$[/tex] & [tex]$\$[/tex] 8350[tex]$ & 2 \\
\hline Victor & $[/tex]\[tex]$ 46,912$[/tex] & [tex]$\$[/tex] 5700$ & 2 \\
\hline
\end{tabular}

Assuming that each worker used the standard deduction and that none of the workers had any additional adjustments, which worker had the lowest taxable income last year?

A. Josie
B. Victor
C. Elvira
D. Dante



Answer :

GinnyAnswer
To determine which worker had the lowest taxable income last year, we need to compute the taxable income for each worker. Taxable income is computed by subtracting the standard deduction and the total value of exemptions from the gross income.

Here are the steps to calculate the taxable income for each worker:

1. Calculate total exemptions:
- Each exemption is worth [tex]$3650. 2. Calculate taxable income for each worker: - Taxable Income = Gross Income - Standard Deduction - Total Value of Exemptions Let's proceed with each worker one by one: ### For Dante: - Gross Income: $[/tex]52988
- Standard Deduction: [tex]$8350 - Number of Exemptions: 3 - Total Value of Exemptions: 3 * $[/tex]3650 = [tex]$10950 Taxable Income for Dante: $[/tex]52988 - [tex]$8350 - $[/tex]10950 = [tex]$33688 ### For Elvira: - Gross Income: $[/tex]43829
- Standard Deduction: [tex]$5700 - Number of Exemptions: 1 - Total Value of Exemptions: 1 * $[/tex]3650 = [tex]$3650 Taxable Income for Elvira: $[/tex]43829 - [tex]$5700 - $[/tex]3650 = [tex]$34479 ### For Josie: - Gross Income: $[/tex]49789
- Standard Deduction: [tex]$8350 - Number of Exemptions: 2 - Total Value of Exemptions: 2 * $[/tex]3650 = [tex]$7300 Taxable Income for Josie: $[/tex]49789 - [tex]$8350 - $[/tex]7300 = [tex]$34139 ### For Victor: - Gross Income: $[/tex]46912
- Standard Deduction: [tex]$5700 - Number of Exemptions: 2 - Total Value of Exemptions: 2 * $[/tex]3650 = [tex]$7300 Taxable Income for Victor: $[/tex]46912 - [tex]$5700 - $[/tex]7300 = [tex]$33912 ### Comparison: - Dante: $[/tex]33688
- Elvira: [tex]$34479 - Josie: $[/tex]34139
- Victor: [tex]$33912 Among these taxable incomes, the lowest is $[/tex]33688, which belongs to Dante.

Therefore, the worker with the lowest taxable income last year is:

D. Dante

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