A Single Taxpayer Provided the Following Information for 2016 What Is Taxable Income?
A) $58,950
B) $62,950
C) $66,950

Multiple Choice

A single taxpayer provided the following information for 2016: $\begin{array}{|l|r|}\hline \text { Salary } & \$ 80,000 \\\hline \begin{array}{l}\text { Interest on local government bonds } \\\text { (qualifies as a tax exclusion) }\end{array} & 4,000 \\\hline \text { Allowable itemized deductions } & 13,000 \\\hline\end{array}$ What is taxable income?

A) $58,950
B) $62,950
C) $66,950
D) $67,000