What is Ashton's taxable income given his gross pay, tax credits, and total taxes?

To determine Ashton's taxable income, it's important to understand how gross pay, tax credits, and total taxes factor into this calculation. Taxable income typically refers to the total income subject to taxes after the application of deductions and credits. However, the question pertains to the calculation based on the provided options.

In this context, if Ashton’s gross pay is indicated as $80,000, it suggests that after accounting for all adjustments—such as allowable deductions before taxes or the impact of any tax credits—his taxable income remains $80,000. Tax credits and total taxes influence how much is owed at tax time but do not directly alter the figure of taxable income itself.

Hence, if Ashton's taxable income is correctly identified as $80,000, it is consistent with the notion that this amount reflects his earning capacity in terms of taxation without yet considering any credits or liabilities. Understanding how gross income translates into taxable income is critical in personal finance, especially when considering how adjustments affect overall tax obligations.