The following four taxpayers have listed their allowable exemptions and deductions. Calculate the total exemptions and deductions. Then find the taxable income in each case.

Item	Exemptions and Deductions	Total Exemptions and Deductions	Total Income	Taxable Income
Exemptions for taxpayer and dependents	$\$7,500$	$\underline{\qquad \qquad}$	$\$ 79,421$	$\underline{\qquad \qquad}$
Interest paid	$856$
Gifts	$939$

What are exemptions and deductions? How should you choose between taking the standard deduction and itemizing deductions?

The following four taxpayers have listed their allowable exemptions and deductions. Calculate the total exemptions and deductions. Then find the taxable income in each case.

Find the federal withholding tax for the employee. Use the wage bracket method.

Find the federal withholding tax for the employee. Use the wage bracket method.

Find the federal withholding tax for the employee. Use the wage bracket method.

What value of income tax is withheld from the salary of an employee who is single with two withholding allowances and earning $725 per week? What if the employee earned$625 and has no withholding allowances? (Use Exhibit 11A.6.)

Find the federal withholding tax for the employee. Use the wage bracket method.

Round the monetary answers to the nearest dollar. Use the tax tables or the appropriate schedule based on filing status. Jonathan is a single taxpayer. His total income before deductions was $63,110. He was able to reduce his total income by$10,312 when he filled out Schedule A. How much did he save in tax by using Schedule A?

Refer to the Wage Bracket Method Tables for Income Tax Withholding and use the following information to complete the requirements.

A. Determine the federal income tax withholdings amount per monthly pay period for each employee.

Find the federal withholding tax for the employee. Use the wage bracket method.

Find the federal withholding tax for the employee. Use the wage bracket method.

Find the federal withholding tax for the employee. Use the wage bracket method.

Find the federal withholding tax for the employee. Use the wage bracket method.