Find the gross income, the adjusted gross income, and the taxable income. Suppose your neighbor earned wages of $319,150, received $1790 in interest from a savings account, and contributed $4100 to a...

Extracted text: Find the gross income, the adjusted gross income, and the taxable income. Suppose your neighbor earned wages of $319,150, received $1790 in interest from a savings account, and contributed $4100 to a tax-deferred retirement plan. He is entitled to a personal exemption of $4050 and the same exemption for each of his two children. He is also entitled to a standard deduction of $6300. The interest on his home mortgage was $51,235, he contributed $74,000 to charity, and he paid $12,760 in state taxes. $320,940; $316,840; $175,045 $320,940; $316,000; $167,445 $320,940; $316,840; $179,145 $320,940; $316,840; $166,695