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Author Question: Rates for a couple filing a joint tax return are 10 up to 16.750 and 15 thereafter up to 68,000 . ... (Read 103 times)

karateprodigy

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on: Jun 24, 2018
Rates for a couple filing a joint tax return are 10 up to 16.750 and 15 thereafter up to 68,000 . Sadie and Gilbert Goldberg earned combined gross income of 72,000 . They itemized the following deductions: 9,400 interest on their home, 3,700 state taxes, 2,500 donation to their church, and a 150 donation to Goodwill. They took exemptions of 3,650 each for themselves and their two children. Compute the amount of income tax before credits.

Question 2

Compute the total that will accumulate in 6 years if 600 is deposited every quarter into a bank account that pays 6 compounded quarterly? Use Tables 23-1A and 23-1B or a calculator.


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brittanywood

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Reply #1 on: Jun 24, 2018
Answer to Question 1

5,410

Answer to Question 2

600  28.63352 = 17,180.11 future value


karateprodigy

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Reply #2 on: Jun 24, 2018
Correct answers!


brittanywood

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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