I need the answers to 24,28, 31, 32, 33, and 34...ASAP! thank you! C. Use the in
ID: 2580551 • Letter: I
Question
I need the answers to 24,28, 31, 32, 33, and 34...ASAP! thank you!
C. Use the income tax tables on pages 268 and 269, to determine the amount of tax due for a married couple filing jointly Taxable Income Tax Due Taxable ncome Tax Due 21. $6,775 23· $12,050 25. 39,211 27. $11,335 29. $8,510 22. $12,950 24. $13,800 26. $10,990 28. $7,80s 30. $11,215 D. Compute federal income tax using Form 1040EZ Mary Bailey is single. Her total wages for the year were $16,000. She claims no dependents other than herself. Her W-2 shows she had $1,995 in federal income tax withheld. What is her taxable income and what additional tax will Mary have to pay, or what is her refund? 31. Taxable income: 32. Tax or refund due: Rachel Greenwood is single. Her total wages for the year were $20,000. She claims no dependents other than herself. What is her taxable income and how much total tax will she have to pay, or what is her refund? 33. Taxable income: 34. Tax or refund due: Rosa Martinez is single. Her total wages were $19,500 and her interest earned from a savings account was $350. She claimed herself as a dependent. What is her taxable income and how much total tax will she have to pay, or what is her refund? 35. Taxable income: 36. Tax or refund due: Danny Roberts is a senior in high school and works part-time at a local grocery store chain. Danny's total wages were $10,710, and he had $1,150 in federal income tax withheld during the year. He claims 0 exemptions because his father pay, or what is his refund? 37. Taxable income: claims him. What is his taxable income and how much total tax will he have to 38. Tax or refund due: Kyle O'Nealy is single and earned $18,500 at Hillside Manufacturing Company. He had $1,946 in federal taxes withheld. What is his taxable income and how much total tax will he have to pay, or what is his refund? 39. Taxable income: 40 Tax or refund due: 274 BUSINESS MATH USING EXCELExplanation / Answer
Here, the table for tax due, standard deductions and personal exemptions are in 2009:
Computation of tax due for a married couple filing jointly:
24. Taxable income = $13,800
As per the table the tax due = $1,383.
28. Taxable income = $7,805
As per the table the tax due = $783.
31. Adjusted gross income = $16,000
Less: Standard deduction = ($5,450)
Less: personal exemption= ($3,500)
Taxable income = $7,050
As per the table the tax on taxable income = $708
Less: Federal tax withheld= ($1,995)
Tax payable / (refund) = ($1,287).
32. Refund due = $1,287
33. . Adjusted gross income = $20,000
Less: Standard deduction = ($5,450)
Less: personal exemption= ($3,500)
Taxable income = $11,050
As per the table the tax on taxable income = $1,244
34. Tax payable = $1,244