lote: Please make sure to properly formot your answers. All dollar figures in the answers need to include the dollar sign an mount over 1,000 should include the commo ( 2,354.67) All percentoge volues in the answers need to include a percentog 81. For all items without specific rounding instructions, round your answers to two decimal places, show both decimal place 5.06 Laurel's W-2 form reported total Medicare wages as 100,750 She contributed 30 per weekly paycheck to her FSA an 75 per weekly paycheck to her retirement plan. She receiped a 1099 form from her bank for her savings account inter in the amount of 690 and a 1099 form from an employer that she did some consulting work for in the amount of 2,6 What is Laure's taxable income?592100 92,100 63

To calculate Laurel's taxable income, we need to consider her total income and subtract any deductions or adjustments.<br /><br />1. Total income:<br /> - Medicare wages: $100,750<br /> - FSA contribution: $30 per week * 52 weeks = $1,560<br /> - Retirement plan contribution: $75 per week * 52 weeks = $3,900<br /> - Savings account interest: $690<br /> - Consulting work income: $2,600<br /><br /> Total income = $100,750 + $1,560 + $3,900 + $690 + $2,600 = $109,400<br /><br />2. Deductions and adjustments:<br /> - FSA contribution: $1,560<br /> - Retirement plan contribution: $3,900<br /><br /> Total deductions and adjustments = $1,560 + $3,900 = $5,460<br /><br />3. Taxable income:<br /> Taxable income = Total income - Deductions and adjustments<br /> Taxable income = $109,400 - $5,460 = $103,940<br /><br />Therefore, Laurel's taxable income is $103,940.