Find the AGI and taxable income:A) $23670 and $8200B) $31870 and $23,670 C) $23670 and $15,470 D) $15,470 and $8200

Answer:[tex]\$23670[/tex] and [tex]\$15470[/tex]Step-by-step explanation:Given: Gross Income= [tex]\$23670[/tex]            Exemption= [tex]\$8200[/tex]As there is no other income is given or any tax been paid yet, so the Annual gross income (AGI) will be [tex]\$23670[/tex]AGI= [tex]\$23670[/tex]Now, to find the taxable incomeThere is 1 exemption is given [tex]\$8200[/tex]∴ Taxable income = AGI minus ExemptionTaxable income = [tex]23670 - 8200[/tex]= [tex]\$ 15470[/tex] is the taxable income.