Question
1. Based on the following information calculate Amys income taxes. Her income tax rate is 10%: 1. Earned wages of $20,000 2. Received $200 of
1. Based on the following information calculate Amys income taxes. Her income tax rate is 10%:
1. Earned wages of $20,000
2. Received $200 of interest on her bank savings account
3. Paid $300 of income taxes to France
4. Paid $400 of interest on her home mortgage
5. Had a casualty loss that occurred in a federally declared disaster area of $500
6. Had $600 in unreimbursed moving expenses when the US Army relocated her to a military base in France
7. Paid $700 in alimony to her former spouse
8. Paid $800 of interest on the balance on her credit card
9. Had gambling losses of $900 but had no ($0) gambling winnings
10. Qualified for a $100 child tax credit
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