Question

can someone help me make heads or tales of this? please its advanced algebra with financial applications.

Answer 1

Number of Allowances Federal Withholding
0 $7,682.48
1 $6,757.40
2 $5,832.58

Part III: Calculate Taxable Income
Now it’s time to file your taxes! Submit the work to the steps described below to your instructor.
Subtract any adjustments from your gross income to determine your adjusted gross income, or AGI.
Determine if you will take a standard or itemized deduction based on your given scenario. If you take a standard deduction, use $5,700 if you are single and $11,400 if you are married.
Calculate the value of your exemptions. Use $3,650 for each person supported by the income reported.
Subtract the deductions and exemptions from the adjusted gross income (AGI). This is your taxable income.
Part IV: Calculate Tax Liability
Now you will use the table below and your taxable income to determine your tax liability for the year. Submit the tax liability, and the work to achieve it, to your instructor.

If your taxable income is... your tax liability is...
Not over $8,375 10% of the taxable income
Over $8,375 but not over $34,000 $837.50 plus 15% of the excess of $8,375
Over $34,000 but not over $82,400 $4,681.25 plus 25% of the excess over $34,000
Over $82,400 but not over $171,850 $16,781.25 plus 28% of the excess over $82,400
Part V: Analysis
Now you will compare the amount of federal withholding to your tax liability. Did you overestimate your personal allowances? Did you underestimate? It’s time to find out! Respond to each of the following statements using complete sentences and submit to your instructor.
Provide the number of allowances and amount of federal withholding you claimed at the beginning of the activity. Explain why you claimed this number of allowances.
Explain how you would determine if you owed the federal government money or if you would receive a refund.
Explain how you would calculate the amount of your payment to the government or the amount of your refund. Provide the solution.
Change the number of personal allowances that you made at the beginning of this activity. Provide the following information to your instructor:
your new federal withholding
the new amount of your refund from the government or balance owed to the government
an explanation on why changing your personal allowances will increase or decrease the amount of taxes you must pay or the amount of a refund you will receive.
After calculating the amount of money you must pay to the government or receive as a refund, would you reconsider how many personal allowances you claimed on the W-4? Why or why not?

Answer 2

Try to do it yourself..

Answer 3

is anyone actually reading all that?

Answer 4

i think no.. :D

Answer 5

Its recommended that you post one question at a time.

Answer 6

you know i never asked for the answer i asked for help so, there for implying i have tried it myself -.-