David expects taxable revenues of $110,333 in the current year. His adjustments to revenues are...
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Accounting
David expects taxable revenues of $110,333 in the current year. His adjustments to revenues are projected to be $18,222 this year. His deductions and exemptions are projected at $35,666. There is no state income tax where David resides, and his assumed tax bracket is 30%. What is his adjusted gross income?
A. $19,110.24
B. $19,223.50
C. $19,113.50
D. $19,110.50
E. None of the above
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