Ramon, a single taxpayer with no dependents, has adjusted gross income for 2018 of $98,000 and his itemized deductions total $19,000. what taxable income will ramon show in 2018? a.$74,850 b.$87,650 c.$74,950 d.$86,000 e.$79,000

The correct option is e. $79,000

Explanation:

Taxable income: The taxable income is that income which is come after deducting the deductions from the adjusted gross income. It is that income on which tax is levied and which is to be submitted to the government.

In mathematically,

Taxable income = Adjusted gross income - itemized deductions

                           = $98,000 - $19,000

                           = $79,000

Hence, the taxable income will Ramon show in 2018 is $79,000

Therefore, the correct option is e. $79,000

answer; dividing net income by 1- t ;