Homework Answers
Assumptions :
a) Gross Income includes Gross Business Income
b) The Gross income is before any deductions
| Ahmed | Baker | Chin | |
| Gross Income | 96300 | 96300 | 96300 |
| Ded. For AGI | 15650 | 8800 | 0 |
| Itemized deductions | 0 | 7750 | 15575 |
| Deduction for BI | 0 | 2000 | 10000 |
| Taxable Income | 80650 | 77750 | 70725 |
| First | Second | Third |
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