« previous next »

Author Question: According to the tax table, what tax is due for a married person filing separately, who has a ... (Read 44 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
on: Jun 24, 2018
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

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 24, 2018
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Infants often rely on a caregiver as a secure base when they meet a new person. Infants often rely on a caregiver as a secure base when they meet a new person.
Example of the Table of Neoplasms. Example of the Table of Neoplasms.
Checklist for Choosing a Massage Table Cont. Checklist for Choosing a Massage Table Cont.
Standing at the head of the table, apply oil or lotion to the entire back and shoulders with ... Standing at the head of the table, apply oil or lotion to the entire back and shoulders with ...
Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ... Look at Table 4.2.2. Consumers learn that the rubber ducks wear out batteries quickly. As a ...
table table
Video: Major Elements in Biological Molecules: Nucleic acids

For a complete list of videos, visit our video library