Addison had $80,000 of income from wages and $1,850 of taxable interest. Addison also made contributions of $2,500 to a tax-deferred retirement account. Addison has 3 dependents and files as head of household. What is Addison's total income? What is Addison's adjusted gross income? For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income? Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter8: Taxation Of Individuals
Section: Chapter Questions
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Addison had $80,000 of income from wages and $1,850 of taxable interest. Addison also made contributions of $2,500 to a tax-deferred retirement account. Addison has 3 dependents and files as head of household.

What is Addison's total income?



What is Addison's adjusted gross income?



For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income?



Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

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For Addison's filing status, the standard deduction is $18,000. What is Addison's taxable income?

 

Use the 2018 tax table to find the income tax for Addison filing as head of household. Round to the nearest dollar.

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