Your gross income is 85,000 and you have 20,000 in deductions. What is your taxable income? For Teacher Use Only QR.NR,6.DOK2439120 M5.L2Q21 105,000 65,000 20,000 85,000

To find the taxable income, we need to subtract the deductions from the gross income.<br /><br />Given:<br />Gross income = $85,000<br />Deductions = $20,000<br /><br />Taxable income = Gross income - Deductions<br />Taxable income = $85,000 - $20,000<br />Taxable income = $65,000<br /><br />Therefore, the taxable income is $65,000.