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Adjusted Gross Income (AGI) = Wages + interestTaxable income = AGI - standard individual deduction ($12,000) #1. Your W-2 form reports that your total wages

Adjusted Gross Income (AGI) = Wages + interestTaxable income = AGI - standard individual deduction ($12,000)

#1. Your W-2 form reports that your total wages were $35,539 for 2018. Your W-2 form also reports that $4,053 was withheld from your wages for federal income tax. You receive a 1099-INT from your bank that indicated interest earned of $281. You are single and not claimed by any other person as a dependent.

1.How much is your adjusted gross income?

2.How much is your taxable income?

3.What is your total tax for the year?

4.What is the amount of your payment or refund?

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