Davia and Bill are married and file their taxes jointly. Davia's taxable income was $50,675 and Bill's was$32,802. Davia's employer withheld $11,654 in federal taxes. Bill's employer withheld$7,345 in federal taxes. a. What is their combined taxable income? b. Use the tax tables from Lesson 7-1 in this workbook to determine their tax. c. Do they get a refund? d. Find the difference between their tax and the amount withheld by their employers.

Latoya is an accountant who also works as a part-time museum tour guide. Information from her tax worksheet includes wages from the accounting job, $85,290.45; wages from the museum job,$12,670.34; interest, $563.99; and dividends,$234.67. What is Latoya's total income?

Latoya is an accountant who also works as a part-time museum tour guide. Information from her tax worksheet is wages from accounting job, $85,290.45; wages from museum job,$12,670.34; interest, $563.99; and dividends,$234.67. What is Latoya's total income?

The Kivetsky family had an adjusted gross income of $119,245.61. They included medical deductions on Schedule A. They had$14,191 in medical expenses. Medical insurance covered 80% of these expenses. The IRS allows medical and dental expenses deductions for the amount that exceeds 10% of a taxpayer's adjusted gross income. How much can they claim as a medical deduction?

Paul and Mary had $78,111.19 in income from their jobs and their bank interest. They also had$2,139 worth of moving expenses, and Paul paid $6,000 in alimony. These two expenses are deductions from income. Find their adjusted gross Income.

Mike and Lisa Lerner had combined wages of $91,301 last year. They also had a bank interest of$792 and $667. They received stock dividends of$287 and $530. During the year, Lisa won a$1,000 prize. Find the total income from wages, bank interest, dividends, and the prize.

Arthur's employer withheld $15,987.76 in federal income tax. After completing his return, Arthur has determined that his tax is$18,945.22. Will Art get a refund, or does he owe the IRS and how much?

Tony makes an hourly salary of $15.40 for 40 regular hours of work. For any time worked beyond 40 hours, he is paid at a rate of time-and-a-half per hour. Last week, Tony worked 46 hours. Find each of the following for this period. a. Tony's gross pay b. Social Security tax c. Medicare tax

Elizabeth works for Picasso Paint Supplies. Her annual salary is $72,580. a. What is Elizabeth's annual Social Security deduction? b. What is Elizabeth's annual Medicare deduction? c. Elizabeth is paid every other week. What is her biweekly gross pay? d. Each pay period, Elizabeth's employer deducts 21% for federal withholding tax. What is the total amount withheld for federal tax from Elizabeth's annual salary? e. If Elizabeth is taxed at an annual rate of 2.875% for city tax, how much is deducted from her salary per paycheck to withhold that tax? f. As of January 1, Elizabeth will receive a 9.1% raise. What will Elizabeth's annual salary be?

The Lowatsky family had $9,441 worth of hurricane damage that was not covered by insurance. They need to follow IRS procedures to take a casualty deduction on Schedule A. a. The IRS requires that$100 be deducted from each casualty. What is the total casualty loss after the $100 is deducted? b. Their adjusted gross income is$67,481. Find 10% of their adjusted gross income. c. Their Schedule A casualty deduction can be found by subtracting 10% of the adjusted gross income from the answer to part a. What is their casualty loss deduction?

Eileen is a married taxpayer who files jointly with her husband. Their combined taxable income is X dollars and their tax is Y dollars. Eileen's employer withheld A dollars from her salary and her husband's withheld B dollars from his salary during the year. a. Write an algebraic expression for the amount they would receive should they get a refund. b. Write an algebraic expression for the amount they would owe in taxes if the combined amount withheld was not enough to cover the tax they owe.

Jake and Gloria are married, filing jointly. Their taxable income without deductions was $120,440. They were able to reduce their total income by$25,381 using Form 1040 and Schedule A. How much did they save in tax by claiming these deductions? Use the tax tables in the Appendix.

The Holfester family took $5 \frac{1}{2}$ hours to gather information for their Schedule A. The itemized deductions saved them $4,095 in taxes. What was the meani savings per hour to fill out Schedule A? Round to the nearest dollar.

Jack Wilson is single and had a taxable income of $13,124 in 2004. Look at the tax tables on page 55 to find his tax due in 2004.