Author Question: According to the tax table, what tax is due for a married person filing separately, who has a ... (Read 45 times)

melina_rosy

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According to the tax table, what tax is due for a married person filing separately, who has a taxable income of 9,685?

Question 2

Kelly Thomas is single and earned 18,500 as a sales clerk during the year. She paid student loan interest of 719 and contributed 1,800 to an IRA. Her income tax withholding was 575. She files a 1040A when doing her taxes. Using a tax table, determine the additional tax owed or the refund.



tuate

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Answer to Question 1

1,034

Answer to Question 2

Kelly owes 128;
Deduct 719 and 1,800 from her gross earnings. 18,500 - 719 - 1,800 = 15,981;
Subtract standard deduction and exemption; 15,981 - 5,450 - 3,500 = 7,031;
From the tax table, Kelly owes 703; 703 - 575 = 128.



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