Alma Ruforio is a medical technician. Last year, her employer withheld $520 from her wages for state income tax. When she prepared her tax return, Alma showed gross income of$32,400 less $5,450 as a standard deduction and one exemption for herself. What was her state tax for the year?

Alma Ruforio is a medical technician. Last year, her employer withheld $520 from her wages for state income tax. When she prepared her tax return, Alma showed gross income of$32,400 less $5,450 as a standard deduction and one exemption for herself. What was Alma’s taxable income?

How might the purchase decisions of consumers impact a market economy?

Bill Stark has taxable income of $26,600. He pays a city income tax of 2% on taxable income in addition to state and federal taxes. Helmut Schmidt pays a city income tax of$2$\frac{1}{4}$\%$on his taxable income of$\$28,834$. In addition, he pays both state and federal income taxes on the same taxable income. If his federal tax last year was $\$4,538$, what was the total of his federal, state, and city income taxes last year?

The Carter's taxable income last year was $\$ 43,780$. They paid a state tax of $3.6 \%$ and a city tax of $1.35 \%$ on that income. What was the total of the state and city taxes they paid?

Use the tax table to solve these exercises. Assume that every person was listed on his or her parents' return as a dependent and will claim the standard deduction rather than itemize.

Vera worked as a landscape gardener for $20$ weeks last year to help earn money for school. She worked $15$ hours each week at $\$ 8.25$ an hour. Her employer deducted $\$ 11$ each week for federal withholding taxes. Vera also earned $\$ 308.62$ in interest on her savings account. Complete the form below:

Lea Kristen’s state income tax return shows taxable income of $39,350. What is the state income tax on that amount?

Use the tax table to solve these exercises. Assume that every person was listed on his or her parents' return as a dependent and will claim the standard deduction rather than itemize.

Victor earned $\$ 3.452$ in wages last year as a part-time stock clerk and $\$ 216$ in interest. His employer withheld $\$ 325$ in federal income taxes from his wages.

a. What was Victor's taxable income?

b. How much will Victor receive as a refund from federal taxes?

The City of Beacon charges its residents an income tax of $\frac{1}{2}\%$ of their taxable income. Dora Feldman lives in Beacon and has taxable income of $34,676. What is her city income tax?

$$\begin{array}{|c c c c c|} \hline \textbf{Liabilities} & + & \textbf{Owner's Equity} & = & \textbf{Assets}\\ \hline ? & + & \$147,470& = &\$475,000\\ \hline \end{array}$$

Bill Stark has taxable income of $26,600. He pays a city income tax of 2% on taxable income in addition to state and federal taxes. What is his state tax?

Bill Stark has taxable income of $26,600. He pays a city income tax of 2% on taxable income in addition to state and federal taxes. What is Bill’s city tax?

Bill Stark has taxable income of $26,600. He pays a city income tax of 2% on taxable income in addition to state and federal taxes. Ellen Donald pays city tax of 2.5% on taxable income, in addition to state income tax. Her taxable income last year was$42,870. What was her total state and city income tax?

In 2018, Carson is claimed as a dependent on his parents’ tax return. Carson’s parents provided most of his support. What is Carson’s tax liability for the year in the following alternative circumstance?

• Carson is 17 years old at year-end and earned $14,000 from his summer job and part-time job after school. This was his only source of income.