Sasha is a single woman who is paid $16 per hour for 2,000 hours of work per year. using her 2021 standard deduction of $12,550, her taxable income is $19450
To get the amount she was paid in a year
we calculate= $16/hr*2000hr=$32000
Wages (a) $32,000
(b) Total (standard deduc $ 12, 550
deduction +exemption)
Taxable Income (c) = (a) – (b) $19450
Sasha's taxable income is $21600
A Taxable income refers to the base upon which an income tax system imposes tax. In other words, the income over which the government imposed tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions.
Therefore, the correct answer is as given above
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