Emma,a Single Taxpayer,obtains Permission to Change from a Calendar Year

Question 48
Multiple Choice

Emma,a single taxpayer,obtains permission to change from a calendar year to a fiscal year ending June 30,2014.During the six months ending June 30,2014,she earns $40,000 and has $8,000 of itemized deductions.What is the amount of her annualized income? A)$30,025 B)$64,000 C)$60,050 D)$64,300