Question

Marlene's taxable income is $95,000. Use this tax schedule to calculate the total amount she owes in taxes.
Screen Shot 2014-09-12 at 12.16.48 PM

A 12,88.75
B 17,900.75
C 20,710.75

@SarahEZZMcK

Answer 1

@Luigi0210

Answer 2

ok...her taxable income is 95,000
look at your chart...95,000 is over 77,100, but under 160,850.

so the tax is 15,698.75 + 28% of the amount over 77,100

we need to find the amount over 77,100...
95,000 - 77,100 = 17,900
now we need to take 28% of that.....28% of 17,900 = 0.28(17,900) = 5012

now we add our 15,698.75 + 5012 = 20710.75 (C)

Answer 3

any questions ?

Answer 4

dang your amazing texaschic

Answer 5

lol...I don't know about that....but thank you :)

Answer 6

you are and your welcome:) imma friend you

Answer 7

sweet...friends are good

Answer 8

lol yea

Answer 9

so your a country boy...lol....my neighbors are cows...hows that for country

Answer 10

lol yea im a country boy well thats good but mine are horses lol

Answer 11

Which of these items is a tax deduction?

A cash awards
B interests from bonds
C interests on a home mortgage

Answer 12

interest on home mortgages are tax deductible

Answer 13

last question then i will get out of your hair lol

Which of these types of income is taxed?

A federal tax refunds
B stock dividends
C interests from municipal bonds

Answer 14

@texaschic101

Answer 15

I am guessing at this one....I think it is C but not 100% sure. It could be A...it is not B

Answer 16

ok thanks i think i can maybe figure it out but thanks for you help for everything your awesome

Answer 17

I am going to go with A instead

Answer 18

good luck with all this tax stuff....

Answer 19

ok lol that is wrong but here i need this one questions to pass

Use this tax table to find how much tax you need to pay on a taxable income of $25,000.

A 2,576.25
B 3,358.75
C 5,934.25

Answer 20

ok...taxable income of 25,000....
782.50 + 15% over the amount over 7,825

25,000 - 7825 = 17175
15% of 17175 = 0.15(17175) = 2576.25

2576.25 + 782.50 = 3358.75 (B)

Answer 21

Oh my gosh thank you i love you so much right now lol but not in the love love way you know but thank you so much your awesome

Answer 22

lol....glad to help :)