On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $26,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early with-drawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $4,850 and an exemption of$3,100.

Find Benito's adjusted gross income.

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $26,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early with-drawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $4,850 and an exemption of$3,100.

What is his amo unt of tax due?

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $27,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early withdrawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $5,450 and an exemption of$3,500. What was Benito’s gross income?

Suppose a tax is such that an individual with an income of $10,000 pays$2,000 of tax, a person with an income of $20,000 pays$3,000 of tax, a person with an income of $30,000 pays$4,000 of tax, and so forth. What is each person’s average tax rate? Is this tax regressive, proportional, or progressive?

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $27,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early withdrawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $5,450 and an exemption of$3,500. Find Benito’s adjusted gross income.

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $26,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early with-drawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $4,850 and an exemption of$3,100.

What was Benito's gross income?

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $27,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early withdrawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $5,450 and an exemption of$3,500. What was his taxable income?

Tien Chou’s tax return for last year shows a total tax of $8,278. Tien’s employer withheld$8,450 from her wages during the year. What refund should Tien receive?

On his federal income tax return, Benito Silva, a single taxpayer, reported income from wages, $26,820; tips,$5,495; and interest earned, $1,466. Benito had these adjustments to income: payments to a retirement plan,$2,000; penalty for early with-drawal of savings, $19. His employer withheld$3,985 from his pay for federal income tax. Benito claims the standard deduction of $4,850 and an exemption of$3,100.

Does he owe or get a refund? How much?

Nicki O’Shea is 25 years old and is single. Her gross income last year was $21,455 and her taxable income was$13,926. Find her tax.

How much tax does a head of household with taxable income of $23,798 owe?

In preparing their tax return, the Rossinis, a married couple, claimed 5 exemptions at $3,500 each, and the standard deduction. Their adjusted gross income was$45,208. Estimate the Rossini’s taxable income.

Use the tax tables in this lesson to find the tax.

Beth and Ira Stein are married and file a joint tax return. Their taxable income is $23,378. What is their tax?

Kumar Panday paid $16,118 in federal withholding. Kumar’s total tax shown on his tax return was$17,448. What amount of tax did he owe?