Rates for a couple filing a joint tax return are 10 up to 16.750 ...

[karateprodigy]

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.

[brittanywood]

Answer to Question 1

5,410

Answer to Question 2

600  28.63352 = 17,180.11 future value

[karateprodigy]

Correct answers!

[brittanywood]

Great! Please up vote