Ciara had $78,000 of income from wages and $2,950 of taxable interest. Ciara also made contributions of $2,100 to a tax-deferred retirement account. Ciara has 4 dependents and files as head of household.
Ciara had $78,000 of income from wages and $2,950 of taxable interest. Ciara also made contributions of $2,100 to a tax-deferred retirement account. Ciara has 4 dependents and files as head of household.
Chapter8: Taxation Of Individuals
Section: Chapter Questions
Problem 29P: Arthur and Cora are married and have 2 dependent children. They have a gross income of 95,000. Their...
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Ciara had $78,000 of income from wages and $2,950 of taxable interest. Ciara also made contributions of $2,100 to a tax-deferred retirement account. Ciara has 4 dependents and files as head of household.
What is Ciara's total income?
What is Ciara's adjusted gross income?
For Ciara's filing status, the standard deduction is $18,000. What is Ciara's taxable income?
Use the 2018 tax table to find the income tax for Ciara filing as head of household. Round to the nearest dollar.
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Question D is incorrect. Can you check the answer
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Question D is wrong ( The income tax for Ciara filing as head of household is $13,387)
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ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT